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Huawei had some firsts last year. The Chinese telephone and network hardware company made a profit of over $ 100 billion in 2018, the first time the company has surpbaded that mark. The actual business figure achieved by Huawei last year was 721.2 billion yuan, or 107.13 billion US dollars. And last year, for the first time in its history, Huawei's consumer division was responsible for the majority of the company's business.
The company's carrier business, which includes network equipment, generated revenue of 294 billion yuan (43.8 billion US dollars) last year. This was a slight decrease from the 297.8 billion yuan that the division achieved in 2017. One of the reasons for this decline is the warnings sent by the US government to its allies. In addition, the law prohibits US government agencies from using Huawei products.
Even with all the questions regarding the reliability of Huawei equipment, the company expects double-digit growth in its turnover in 2019. Up to now, the new year has been good for Huawei in this regard. Guo Ping, chairman of Huawei's board, said the combined revenue for January and February this year was up 30 percent from two months last year.
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