Brand Finance has just released its rankings for 2019 after evaluating well-known brands around the world. Securing its 12th place on the list is Huawei, gaining more than 20 places above their last year’s 40th ranking.
With releases such as the P20, Nova 3, and Mate 20 series last year, Huawei has gained praises all over the world and has proved itself to be on the most recognized smartphone brands.
This achievement can also be attributed by their large investment in research and development. Investing USD 6.25 billion in research and development alone in the last decade, Huawei was able to pump out better technologies in each generation.
Huawei has managed to become the second largest smartphone brand in the world in the second quarter of 2018. The brand has also sold around 10 million units of the Huawei P20 and P20 Pro globally leading to their continued success.
