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Huawei's Revenue Will Exceed $100 Billion For The First Time This Year

- Nov 22, 2018 -

Huawei's revenue will exceed $100 billion for the first time this year, its chairman xu zhijun said Thursday.

Xu Zhijun said in an interview with CNBC today that the company's business growth was "slightly better than expected." "Our revenue has reached $100 billion, and there is no problem," he said. He did not disclose in detail the growth momentum of the company's business.

Xu Zhijun accepted the interview in Mandarin. The CNBC website confirmed this number through translation.

Huawei's revenue for the first six months of this year was RMB 325.7 billion. According to the exchange rate at the end of June this year, these revenues are about $49 billion. According to the exchange rate at the end of last year, Huawei's 2017 annual revenue was $92.5 billion.

So far, Huawei's growth has been driven by strong business performance, especially for the growing consumer business. Huawei is currently the world's second-largest smartphone maker by market share, leading Apple.

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