H Brand Finance, one of the leading companies evaluation companies and strategy consultants, based in United Kingdom, ranked the Huawei for the first time between top 10 most valuable brands.
Σher study Brand Finance Global 500 2020 just published, Huawei is the third Chinese company on the list, with a value of 65,084 billions of dollars, an increase of 4,5% over the previous year.
«It is clear that the new big challenge in the telecommunications sector, 5G networks, will create fierce competition, with the result that Huawei will expand into markets traditionally covered by Western providers. Despite the recent controversy, the Chinese giant maintains the lead and with a value of 65 billion dollars is now ranked, for the first time, among the 10 most valuable brands in the world", Writes Brand Finance in the study.
With 205 companies accounting for 45,4% of the top 500, the US is the most represented country on the list, with a total corporate value of $ 320,4 billion. China comes in second with 70 companies, accounting for 18,9% and a total corporate value of $ 133,4 billion.
The technology sector is still the most powerful sector in the ranking. Of the 500 companies with the highest value, 46 - or 14% - come from the technology sector. Together they bring together a total corporate value of $ 986,5 billion. Huawei is the only Chinese company among the 10 companies with the highest value.
Huawei's increase in value can be attributed to its commitment to innovation, with the goal of continuously improving the competitiveness of its products and the consumer experience.
In 2019, Huawei had predicted that it would supply the market with 240 million smartphones and that it would maintain its position as the second largest smartphone manufacturer in the world. The company finally surpassed the 44 million devices from the HUAWEI Mate Series and the HUAWEI P series, marking a 50% increase over the previous year. Distinguished for their advanced technological features, Huawei 5G smartphones in December 2019 exceeded 6,9 million devices.
Last year, Huawei also upgraded the overall user experience by creating the "all-scenario experience", introducing new product lines, various categories, from tablets, PCs, wearables and HiLink IoT devices, all of which showed an increase in sales. their.
In the future, Huawei will remain committed to the overall user experience strategy.
Richard Yu, CEO of Huawei Consumer Business Group, stated: “The strategy of overall user experience will remain Huawei's main concern for the next 5 to 10 years.
We are committed to creating an integrated ecosystem, in which tablets, PCs, virtual reality devices, wearables, smart screens, smart speakers, cars and IoT devices can all be connected to smartphones to offer a a truly seamless user experience».
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