2019 has been an emotionally charged year for Huawei as the Chinese smartphone maker first wowed the world with its low-light photography king, P30 Pro and later was thrown into a whirlwind after the US banned the firm from working with American organizations.
Though the US government has eased some of the restrictions, we were expecting a slump in the mobile phone sales, but apparently, that’s not the case. In the first half of 2019, Huawei smartphone sales have seen 24% growth despite the panic caused by the fear of Android ban in the future.
According to the statement issued by the company, Huawei has sold 118 million smartphones (including Honor devices) in the first six months of 2019, which represents a 24% year-on-year increase.
Huawei Group, as a whole, reached $58.34 billion in revenue, reflecting a 23.2% increase over the same period in 2018. Huawei Consumer Group, on the other hand, recorded 220.8 billion yuan ($32.1 billion) in revenue, which amounts to 55% of the company’s total sales.
According to Huawei’s Chairman, Liang Hua, the company’s revenue grew up fast through May. He said, “Given the foundation, we laid in the first half of the year, we continue to see the growth even after we were added to the entity list. That’s not to say we don’t have difficulties ahead. We do, and they may affect the pace of our growth in the short term.”
He also revealed that Huawei will be investing (planned) $17.44 billion in R&D this year and is looking to enter a new stage of growth. It needs to be noted that since Huawei is still a private company, it is not obligated to show its regular financial figures and earnings to the public. Thus, in doing so, the Chinese smartphone maker has made it clear that its business can withstand US intimidation.