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).

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Jill Shen

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric cars. Connect with her via e-mail: jill.shen@technode.com or Twitter: @yushan_shen