Huawei has had one helluva year, with the Chinese giant posting a huge $107 billion in revenue for 2018, the first time the company has broken the $100 billion mark. Revenues were up 19.5% from 2017, while pulling in a net profit of $8.8 billion, an increase of 25% over 2017's numbers.
The consumer business slice of Huawei made the most revenue in 2018 hauling a large $52 billion, which is the first time in Huawei's history that the consumer business made the majority of the revenue for the year. 2018 was good to Huawei with a huge 45.1% increase year-over-year in its consumer business division.
Huawei sold over 200 million smartphones in 2018, and just days ago now revealed its new flagship P30 series smartphone with what appears to be the best camera in a smartphone by a long shot. As for this year, Huawei is expected to do well with January and February 2019 doing extremely well with year-over-year increases of 30%.
5G is right around the corner, Huawei has the better-looking foldable smartphone with its upcoming Mate X, and the new P30 series phones look like they'll be huge sellers on the camera technology alone. We're talking DSLR levels of optical zoom