Yu Chengdong: Consumer business revenue increased 200 times in 8 years Huawei mobile phones could have become the world’s first

On April 9, Huawei’s P40 series of national editions has been officially released. Yu Chengdong, CEO of Huawei’s consumer business, said in an interview with NetEase Technology and other media today that without a trade war, Huawei would be the world’s no.1 mobile phone manufacturer.

Yu Chengdong: Consumer business revenue increased 200 times in 8 years Huawei mobile phones could have become the world's first

Mr Yu said Huawei was a novice in the consumer business eight or nine years ago, but has done well.

Huawei’s 2019 financial results show that huawei’s consumer business revenue in 2019 was RMB467.304 billion, up 34.0% YoY. In 2019, Huawei shipped more than 240 million smartphones, up more than 16% year-on-year, with 5G handsets shipped more than 6.9 million units.

At the launch of Huawei’s P40 series, Mr Yu said Huawei’s consumer revenue had grown 200 times over the past eight years.

“If it weren’t for the trade war, we would be the number one handset maker in the world. Even so, we are the world’s second-largest handset manufacturer. Yu Chengdong said, “Now due to the impact of the sanctions and the impact of the outbreak, our mobile phone sales have an impact, but we did not fall in the first quarter, but also slightly increased.” “

Huawei’s smartphone market share reached 17.6% in 2019, ranking second in the world, according to reports from market research firm IDC and Strategy Analytics. (Cui Yuxian)