Huawei’s sales revenue puts them 2nd in the world behind Samsung

The U.S. preparing to block global chipset supplies to Huawei

Huawei had a scheduled conference in China. At the event, the company announced a number of fresh and amazing products that have been launched a few days ago internationally. But like any other conference, this time, it also revealed some data concerning its functioning.

Generally, manufacturers like to introduce data they can boast of. Only this is not the case of Huawei. It really does have many reasons to talk aloud in praise of it.

At the online press conference, Huawei’s consumer, business CEO Yu Chengdong first announced the 2019 outcomes. It turns out Huawei’s consumer, the business achieved sales revenue of 467.3 billion yuan ($66 billion), an addition of 34% year-on-year.

Though many may guess 5G is the major business of the company because it has won a number of 5G contracts worldwide. However, in the smartphone business, it performs relatively well. The company’s smartphone shipments outperformed 240 million units. That is to say, it rates second in the world behind Samsung.

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Huawei’s sales revenue analysis

 Huawei ranked first place before it was sanctioned by the US government. It’s only fair to say Samsung benefited from the Google ban. Concurrently, notebook shipments were boosted by 200% year-on-year, smart wearables shipments were up by 170%, and smart audio product shipments thrived by 200%.

In 2019, Huawei’s R & D expenses amounted to 131.7 billion yuan ($19 billion), accounting for 15.3% of annual sales. There are 85,000 beneficial patents in the world, with 90% of innovation patents. As it has 3524 patent applications in the European Patent Office, in this region it ranks first

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