While phone manufacturers across the globe have had a hard time in an extremely competitive market that is clearly plateauing, others, such as Chinese OEMs have managed to make a substantial cut from their business. Case in point is Xiaomi’s $2 billion in gross profits, which also opened its base in Kenya towards the end of 2018. Huawei, the world’s largest telecoms equipment manufacturer has reported appreciable revenue growth amidst a series of setbacks such as having its operations axed from the Western markets and their allies for political and trust cases that the Chinese corporation continues to deny.
That being said, Huawei has made official its financial report from 2018 and it is impressive. The corporation’s smartphone sale revenues grew by 25.1 percent and 19.5 percent in overall revenues from what it recorded in 2017 , with sales revenues of up to $107.13 billion, which is the first time the manufacturer has cruised past the $100 billion mark.
At the same time, the profit improvements from the preceding year are equally great. Specifically, Huawei is reporting a 28 percent jump in net profit at $8.8 billion in 2018 against a 0.4 percent rise in 2017 from 2016. To this end, it is apparent that 2018 was a terrific year for the Chinese corporation, which, coincidentally, does not sell its devices in one of the world’s most lucrative market for high-end devices – the U.S. for reasons mentioned above.
The company’s Mate 20 series of phones from last year have been doing very well especially in the camera department as the manufacturer looks forward to taking the crown in mobile photography. The other day, it released its star for 2019, the P30 series that are packed to the brim with a couple of world’s firsts trends in mobile optics. The P30 could make its way to Kenya in coming days to augment of the offerings of the Mate 20 and Mate 20 Pro that started selling in local stores sometime in January, 2019.