Huawei’s consumer divisions reports nearly 50% jump in sales

Huawei is well on its way to give a record thumping to Apple’s iPhones in full year smartphone sales.

On Thursday, China’s Huawei Technologies Co Ltd reported a record rise in the sales of its consumer business which exceeded $52 billion in 2018, mainly on account of its premium smartphones.

According to Richard Yu, Huawei’s head of its consumer division, the 50% jump in sales was on account of its consumer business division.

Last month, Huawei had stated, total revenues in 2018 had risen by 21% to $109 billion; it had not provided a segment-wise breakdown of its businesses.

The development comes in the wake of Apple Inc forecasting a record loss for 2018.

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