Mubasher: Huawei’s brand value grew by 8% year-on-year in 2019, moving up one place to the 47th spot among the top 100 most valuable global brands in 2019, according to a study conducted by BrandZ.

The Chinese giant has been featured in top 50 for four consecutive years, according to a statement on Sunday.

Innovative products including the HUAWEI P30 smartphone’s advanced camera system and the HUAWEI Mate X handset, the world's first fifth generation (5G) foldable artificial intelligence (AI) phone, have raised the company’s sales.

The Chinese multinational telecom equipment provider increased its shipments by more than 50% year-on-year, strengthening its second position in the world of mobile devices and closing the gap on leader Samsung, according to leading analyst firm IDC.

Huawei holds 19% of global market share and was the only smartphone vendor at the top of the rankings to increase its shipment volumes in the first quarter of 2019, IDC noted.