Huawei Achieved Revenue Growth In The First Half

Jul

28

2017

China’s Huawei , the third-largest smartphone vendor in the world by shipping, said its consumer business group saw sales growth in the first six months of June, rising 36.2 percent year-on-year, to $ 15.65 Billion, but this growth slowed the growth in that period in four years.

Its shipments to smartphones rose 20.6 percent year-on-year to 73.01 million phones, according to a report by market research firm Gartner in May that Huawei owns about 9 percent of the global market share for the first quarter of 2017, Third place behind Samsung and Apple.

Market research firm Canalys said recently that the Chinese company has maintained its position as a leader in the smart phone market within China, despite an annual decline of 3 percent in shipments in China. According to market research firm IDC, The world’s smartest shipping by 9.8 percent at the end of the first quarter of 2017.

“The consumer business group, including smartphones, computers and other consumer devices, has continued to grow exceptionally, beat the industry average and penetrated high-end markets worldwide,” said Richard Yu, chief executive of Huawei’s consumer business group.

China’s smart phone maker said it had 22.1 percent of the market share of the Greater China region and saw an 18 percent year-on-year growth in shipments to Europe. The company had earlier said it saw a 15 percent jump on the basis In the six months ended June.

Total revenue in the first six months of 2017 was 283.1 billion yuan, or 42.04 billion dollars, compared to 245.5 billion yuan the previous year. Huawei, which competes with Sweden’s Ericsson, is expected to end this year Positive male.

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