Huawei keeps strong R&D pace as 5th top investor worldwide
Company ranked in 2019 EU Industrial R&D Investment Scoreboard
Lahore (Muhammad Yasir) Huawei has been ranked fifth on the recently released 2019 EU Industrial R&D Investment Scoreboard as one of the biggest investors in research and development worldwide. The Scoreboard is made up of the 2,500 companies investing the largest sums in research and development in the world, with data collected from companies’ annual reports and accounts.
Outside of the 5G arena, Huawei’s enterprise business has also benefited from R&D advancements to lay the foundation for the digital transformation of industries in the Middle East and abroad. Globally, more than 700 cities and 228 Fortune Global 500 companies have chosen Huawei as their digital transformation partner.
A focus on innovation has also kept Huawei’s popular smart phone range as a preferred global brand, achieving robust growth in 2019 with a total of 240 million units shipped. The latest ranking comes at a time when Huawei leadership estimates that its global sales revenue will have topped USD122 billion in 2019, an increase of roughly 18% year-on-year.