Huawei plans to go “all in” on its smart ecosystem in 2019, following an expected 50% year-on-year increase in revenue from its consumer business in 2018, according to a company executive.
In a year-end letter to employees, CEO of Huawei’s consumer business Yu Chengdong said the company saw record-breaking results in 2018, with revenue expected to reach $50 billion. Boosted by demand for its P20, Honor 10, and Mate 20 smartphones, Huawei shipped more than 200 million devices during the first three-quarters of 2018.
As a result, the company plans to increase its focus on its consumer-facing business, going “all in” on its smart ecosystem, which will encompass 5G, artificial intelligence, and the Internet of things (IoT).
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.