April 11, 2018 IBOMLLC Team

Africa is increasingly becoming a top earner for Huawei’s global market profits

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Looking to 2017 Huawei’s financial report, African markets are increasingly contributing more to the company’s global profits. Africa continues to emerge as a top destination for Huawei devices.

Huawei says its smartphone division has registered a steady growth in demand in African markets; the OEM currently boasts of 15% market share across the continent. The Huawei brand is among top three leading brands in the South African smartphone market. The ICT firm has recorded a 15.7% year-on-year increase in total revenue, amounting to $92.5 billion for the year 2017.

Ken Hu, the Huawei Rotating Chairman said while their run in Africa has been rewarding, the company still aims at raising the bar higher this year. They intend to achieve that by rolling out innovative products.

As we look to 2018, emerging technologies like the Internet of Things, cloud computing, artificial intelligence, and 5G will soon see large-scale application. Throughout this process, Huawei will stay at the forefront of technological innovation and business transformation. More importantly, we will pay special attention to the practical challenges that our customers face as they go digital. Our job …read more

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