Huawei enters Forbes world’s top 100 most valuable brands | 2017-06-09 |

Huawei enters Forbes world’s top 100 most valuable brands

Business Desk     8th June, 2017 10:09:43 printer

Forbes has announced its annual list ranking of the “World’s Most Valuable Brands 2017” after evaluating more than 200 global brands to determine the final list of 100.


Popular tech brands dominate the top 100 where Huawei ranked 88th in the list, said a press release.


Brand value is the ultimate currency because a valuable brand can often stimulate consumer demand and have a strong pricing power.


Huawei has now a brand value of $ 7.3 billion. Strong growth in its overseas businesses is the key reason for this. And its consumer business now ranks third which takes 9.3 percent Smartphone global market share.


The latest HUAWEI P10 series flagship smartphone, which is now available in over 30 markets since its launch on February 26, 2017, is gaining huge popularity among consumers all over the world thanks to the outstanding photography experience it provides.


Beside Forbes, Huawei also listed on Interbrand’s list of 100 Best Global Brands 2016, ranking 72nd; meanwhile, Huawei ranked 50th on BrandZ’s Top 100 Most Valuable Global Brands list.


“We are thankful for achieving global recognition of Huawei products and Huawei brand. In 2017, Huawei CBG will continue to put consumer needs first and will enhance developing consumer-oriented system capabilities with focusing on channels, retail, brand, marketing and services,” said Richard Yu, CEO of Huawei Consumer Business Group.