Huawei’s 2020 Annual Report Reveals Company’s Strong Revenue Growth
Huawei enjoyed a sales revenue of $136.7 billion with a net profit of $9.9 billion. This revenue is 3.3% up on a YOY basis and the profit witnessed is 3.2%. While telling about this revenue, Ken Hu, Rotating Chairman, Huawei said: Sales revenue in America was 24.5% however sales within China were 66% as compared to 59% previous year. The company has witnessed growth in its wireless telecom business due to the 5G rollout in China. Source: Huawei Huawei’s business has grown due to the company’s already formulated solutions that helped create a digital ecosystem for the company. Also Read: Huawei Introduces New Camera Technologies and Camera Products
