Africa helps boost Huawei’s sales in 2018

📆 3/29/2019 12:15 PM
📰 BDliveSA

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Chinese company lifts 2018 revenue 24.3% in Europe, Middle East and Africa region as it plans to be biggest seller of high-end smartphones in SA by the end of 2019

Huawei's company logo is seen at an office in Beijing, Dec. 6, 2018. REUTERS/Thomas Peter/File Photo

Thanks to better sales of high-end and mid-range smartphones, overall market share gains in smartphones, “and the accelerated pace of digital transformation in our enterprise business”, Huawei earned 204.5-billion yuan in revenue from the EMEA region in 2018, up 24.3% from 2017.Net profit was up 25.1% at 59.3-billion yuan.

At the time, Huawei ranked third in SA — behind Samsung and Apple — in terms of sales of smartphones priced at $600 or more. “The easiest way to bring down a fortress is to attack it from within and the easiest way to reinforce it is from outside,” said Huawei rotating chair, Guo Ping.

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