Huawei Ranked 83rd Among Global Companies by Fortune
Published2017.08.11 14:12Entered the top 100 for the first time
Huawei announced that it ranked 83rd in the '2017 Fortune Global 500' selected by the U.S. business magazine Fortune. Huawei, which was ranked 129th last year, recorded sales of $78.5 billion in 2016, marking its first appearance among the top 100 companies.
The Fortune Global 500 list is a globally authoritative corporate ranking in which Fortune magazine selects the top 500 global companies annually based on corporate size, such as revenue and operating profit. It is known as an important indicator that can objectively measure the strengths, scale, and international competitiveness of companies, transcending national and cultural differences.
According to market research firm IDC, Huawei ranked third in the global smartphone market share in the second quarter of 2017 with 10.7%, and took first place in the Chinese market with 20.2%. It is analyzed that the flagship lineups 'P series' and 'Mate series' played a major role in Huawei securing a solid position in the premium market. In addition, Huawei is growing rapidly in the tablet PC market following the smartphone market.
In the second quarter of 2017, Huawei grew 47.1% year-on-year in the tablet market, recording the third-largest market share in the global tablet PC market with a shipment volume of approximately 3 million units.
Furthermore, Huawei's brand influence has also distinguished itself in evaluation rankings of other leading global companies; in the first half of this year, Huawei was the only Chinese company selected for the '2017 Most Valuable Brands' list published by the U.S. business magazine Forbes.
In the 'BrandZ Top 100 Most Valuable Global Brands 2017,' which indicates the brand power of companies worldwide, it ranked 49th with a brand value of $20.3 billion, entering the top 50 for two consecutive years. Additionally, in the 'Brand Finance Global 500 2017,' published by the UK-based brand valuation agency Global Finance, it ranked 40th, a seven-step increase from the previous year.
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