Forbes recently released its Most Valuable Brands of 2018 list and Huawei, for the second year running, has managed to stay in the top 100 as the sole Chinese brand. In 2017 it was ranked 88th with a value of $7.3 billion, this year it has jumped to 79th with a value of $8.4 billion. While Huawei is China’s only brand, the U.S., Germany, Japan, and France all boast multiple brands in the list.
In a blog post, Huawei said:
“2017 saw HUAWEI achieve a rapid global development driven by the full range of its products featuring the Mate, P and Nova series. The launch of the HUAWEI P10 and HUAWEI Mate10 series helped to raise its premium credentials and increased HUAWEI’s influence in the high-end market. HUAWEI nova 2s in turn won acclaim among younger generation for its focus on the latest fashion consumer trends.
HUAWEI officially launched HUAWEI P20 series in Paris in March, 2018. With its unique and innovative Leica Triple Camera, twilight body design and AI features, HUAWEI P20 series has been a global sales sensation.”
It’ll certainly be interesting to see whether Huawei pushes further up the rankings next year or whether any other Chinese tech firms manage to break into the top 100. In April, we reported that the U.S. was investigating Huawei over violations of U.S.-led sanctions against Iran. Luckily for Huawei, it has been working on an independent operating system since 2012, so if it does get sanction and has trouble using Android, it has an option to fall back on.