Record Sales Reported By Huawei In Its Smartphone Business

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Record Sales Reported By Huawei

Huawei Technologies Co. of China stated its consumer business sales in 2018 surpassed a record $52 Billion (approximately Rs 3,70,000), on strong stipulate for its premium smartphones, while it carried on to confront intensified global inspection of its activities. The leap of about 50% in the consumer business revenue of the tech giant observed that unit substituted its carrier business as its biggest segment by sales, said by the consumer division’s head, Richard Yu.

Last month, the company flagged that overall income in 2018 increased 21% to $109 Billion (approximately Rs 7,80,000 Crores) without offering a crackup of segment performance. Recently, the company also divulged its foremost 5G base station chipset known as Tiangang along with Balong 5000, its 5G modem—that it depicted as the world’s most strong 5G modem.

Yu stated it was the foremost 5G modem of the world that completely backs both Standalone and Non-Standalone 5G network architecture. The company has been utilizing its chipsets in its chic server products and phones, although it has stated it has no aim to turn into a standalone semiconductor merchant that contends against the likes of Qualcomm and Intel Corp.

Apart from this, Huawei has also been confronting extreme inspection in the past year over its connection with the government of China and US-led accusations that its devices can be utilized for spying by Beijing. The company has constantly refuted the allegations. Few nations such as the US and its allies, comprising New Zealand and Australia, have limited access of Huawei to their markets.

Also, Sabrina Meng Wanzhou, the finance chief of the firm and the founder’s daughter, was detained last month in Canada at the order of the US. She has been discharged on bail but still is in Canada as the US follows her banishment on accusations she deceived banks with Iran-allied sanctions.

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Christopher Madsen
Being good with numbers and having a Bachelors Degree in Business Administration, Christopher Madsen here works as the manager and lead for Business department. He has a significant experience of 6 years at Industry News Center. Apart from training a few interns, he also looks after the finance at Industry News Center. In his free time, Christopher will be seen chilling at home with couple of friends, watching his favorite series on Netflix.

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