HUAWEI's Success as it Improves Index on Fortune 500 List 2019
The company HUAWEI continues its long history of success and has improved this year's Fortune 500 list by 11 points compared to the previous year and over 2017 by 68 points.
The Fortune 500 list ranks companies according to their revenue and profit, focusing on the size of the companies compared with other lists. The Fortune 500 rankings have become an important indicator that renowned companies use to measure their own strengths, size and international competitiveness, a parameter of global economy that transcends beyond borders, nationality and cultural differences.
HUAWEI has earned a place in the Fortune 500 list justly since its annual revenue has been increasing by 22% year-on-year, while their profit by 27.5%. However, HUAWEI's goals go beyond profit and it cares about improving other important parameters.
“Our continued elevation in the Fortune 500 list rankings is yet another notable marker of success for the company in 2019,” said Richard Yu, CEO of Huawei Consumer Business Group. “Our dedication to delivering the latest technologies to our customers, with a sharp focus on innovation through commitment to investing in R&D has enabled us to continue to enjoy record success.”
Earlier this year, Huawei ranked 47th on BrandZ’s annual Top 100 Most Valuable Global Brands. The company achieved these results through its innovations, such as the HUAWEI P30's latest camera system and also those unprecedented technological innovations that are found in the models of HUAWEI, Mate X and Mate 20 X (5G).
HUAWEI products and services are available in more than 170 countries and are used by a third of the world's population. There are 16 research and development centers operating worldwide in the USA, Germany, Sweden, Russia, India and China. HUAWEI Consumer BG is one of HUAWEI's three business units, mainly focusing on Smartphones, personal computers, tablets and cloud services. HUAWEI Global Network is based on 20 years’ experience in the telecommunications business and serves to provide innovative technologies to customers around the world.