Huawei was voted among the top 10 most valuable brands for the first time in the prestigious Brand Finance Global 500 2020 report. The report assumes that Huawei’s brand value is now over $ 65 billion, an increase of 4.5% over the previous year.
According to Brand Finance, the global transition to 5G connectivity from 2019. That is Reason to marked by fierce competition among technology companies. In this environment, Huawei successfully expanded into markets traditionally covered by western vendors, and despite some controversy in the U.S., the company made significant progress. Overall, the report notes that global consumers continue to highly value the technology sector.
According to reports from Strategy Analytics, Counterpoint Research and Canalys, Brand Finance recognizes that Huawei will overtake Apple in 2019 and is the world’s second-largest smartphone brand. The smartphone business delivered 240 million units worldwide in 2019.
Huawei remains the world’s leading manufacturer of telecommunications network devices and offers comprehensive solutions for computer and device technologies. The company is an active member of more than 400 standardization organizations. That is industry associations and open source communities and last year ranked fifth on the EU scoreboard. For industrial R&D investments for 2019 and is one of the largest investors in research and development worldwide. (Valuable Brands)
This focus on innovation enabled Huawei to expand its solution portfolio in corporate and consumer segments in 2019. The dominance in the 5G area was valuable supporting by new AI functions and chipsets. Huawei brought many of these features to the Middle East. As the partner of choice for telecommunications operators, governments and businesses. Worldwide, more than 700 cities and 228 Fortune Global 500 companies have chosen Huawei as their digital transformation partner.