Huawei Technologies’ consumer business group became the biggest contributor to record revenue for the first time in 2018, reporting an annual revenue of RMB 721.2 billion ($107.1 billion) last year, a 19.5% increase year-on-year, said the South China Morning Post.
With its latest financial results, Huawei has joined the ranks of multinational technology companies in the $100 billion club, which includes Apple and Google parent Alphabet.
Revenue for Huawei’s carrier business reached RMB 294 billion, roughly the same as the previous year, while revenue at its consumer business surged 45% to RMB 348.9 billion. Revenue at Huawei’s enterprise business rose almost 24% to RMB 74.4 billion.