Dubai PR Network, Online Press Release from Dubai and Middle East
 
Mobile Device & Consumer Electronic(Technology)
Filter PR by
  
Huawei Releases its 2019 Annual Report
 
Huawei Releases its 2019 Annual Report

Huawei announces solid business performance and commitment to creating greater value for customers and society


Dubai, United Arab Emirates, April 01, 2020:    Huawei released its 2019 Annual Report today, detailing a solid business performance. The company's global sales revenue in 2019 rounded off at USD$123 billion, up 19.1% year-on-year; its net profit reached USD$9 billion; and its cash flow from operating activities topped USD$13.1 billion, up 22.4% year-on-year. As part of a long-term, ongoing investment in technological innovation and research, Huawei invested 15.3% of its 2019 revenue – or approximately USD$18.8 billion – back into R&D. Its total R&D spend over the past decade now exceeds USD$85.9 billion.

 

'2019 was an extraordinary year for Huawei,' said Eric Xu, Huawei's Rotating Chairman. 'Despite enormous outside pressure, our team forged ahead with a singular focus on creating value for our customers. We worked hard to earn their respect and trust, as well as that of our partners around the globe. Business remains solid.'

 

In 2019, Huawei's carrier business led the commercial rollout of 5G networks. To further commercial adoption and promote new innovation in 5G applications, the company established 5G joint innovation centers together with carriers worldwide. Huawei's RuralStar base station solutions can effectively address coverage problems in remote areas. These solutions are being used in over 50 countries and regions, bringing mobile Internet to more than 40 million people living in remote areas. In 2019, sales revenue from Huawei's carrier business reached USD$42.5 billion, up 3.8% year-on-year.

 

Huawei's enterprise business continues to support the digital transformation of customers across industries as the company helps lay the foundations for the digital world. Globally, more than 700 cities and 228 Fortune Global 500 companies have chosen Huawei as their digital transformation partner. In 2019, Huawei announced its computing strategy with the aim of cultivating fertile soil for the intelligent world to flourish. As part of this strategy, the company launched the world's fastest AI processor, the Ascend 910, and the AI training cluster Atlas 900. In 2019, sales revenue from Huawei's enterprise business reached USD$12.8 billion, up 8.6% year-on-year.


Huawei's consumer business continues to see robust growth, with a total of 240 million smartphones shipped throughout the year. The company reports further progress in developing the Seamless AI Life ecosystem across all scenarios and devices, including personal computers, tablets, wearables, and smart screens. In 2019, sales revenue from Huawei's consumer business reached USD$66.9 billion, up 34% year-on-year.

 

'The external environment will only get more complicated going forward,' Xu cautioned. 'We need to keep enhancing the competitiveness of our products and services, promoting open innovation, and creating greater value for our customers and society at large. This is the only way we can seize the historic opportunities presented by the digital and intelligent transformation of industries, and maintain robust growth in the long run.'


Posted by : Dubai PR Network Editorial Team
Viewed 6393 times
PR Category : Technology
Posted on : Wednesday, April 1, 2020  11:27:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : #StayHome – Samsung Extends Support to UAE Customers
Next Story : Huawei Mobile Services To Explore The Ultimate Potential On ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Eid Gifts From The Body Shop [7626-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [4182-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of... [3559-Views]
First Range Rover Made Under Social Distancing Measures Comes Off Jaguar Land Rover's Sol... [2911-Views]
Introducing the Marks & Spencer Summer Edit [2907-Views]
Ralph Lauren: How to master the art of tie-dye. #RLatHome [2878-Views]
HONOR MagicBook Series is Perfect for Fashion Forward, Design Conscious Individuals Across... [2759-Views]
Emirates Sets Industry-leading Safety Standard for Customers Travelling as It Resumes Oper... [2702-Views]
OMEGA Adds Full Gold Models to The Speedmaster 38 mm Collection [2550-Views]
Dubai Customs and Omani Counterpart Discuss Post-Covid19 Era [2522-Views]
UAE Develops a Rapid Coronavirus Laser Testing Technology [2485-Views]
The Heart of Europe Takes Shape as the Ultimate Sustainable Island Tourism Destination in ... [2321-Views]
VFS Global Joins Nation's Biggest Community Campaign; Donates to the 10 Million Meals Init... [2194-Views]
Mubadala Supports the Fight Against COVID-19 by Leveraging Its Assets' World-Class Capabil... [2087-Views]
Union Coop Al Barsha – 3 Commercial Center 40% Complete [2075-Views]
Trina Solar Publishes Its Vertex Module Technology White Paper, Unveiling a Brand New Tech... [2066-Views]
Aster DM Healthcare Launches ‘Our New Earth' Microsite to Coach People to Transition to th... [2050-Views]
Vatika Launches Natural Hair Food, an Effective Solution for Dry Hair [1997-Views]
INFINITI of Arabian Automobiles Launches Exclusive Eid Rewards Campaign [1956-Views]
Samsung Brings Unparalleled Offers to Tech Enthusiasts This Eid [1952-Views]
Renault of Arabian Automobiles brings you Trade-In Super Sale for Eid [1939-Views]
IATA COVID-19 Middle East and Africa Update Today at 12 PM [1894-Views]
Special Edition Jaguar XE, XF & Range Rover Vogue Vehicles Arrive in UAE [1763-Views]
The Best Omega Sunglasses For a Long-Awaited Summer [1759-Views]
SALAMA Announces AED 13.65 Million Profit for Q1 2020 [1755-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories