Huawei’s mobile growth adds to positive H1 financial results

Growth in high-end markets fuels increased smartphone revenue and market share

Tags: Huawei Technologies Company
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Huawei’s mobile growth adds to positive H1 financial results Huawei aims to push towards artificial intelligence and machine learning to drive a new smart era.
By  Aasha Bodhani Published  July 30, 2017

Huawei Consumer Business Group has released its 2017 first half year financial results, citing overall company growth with a focus on its mobile segment.

The first six months of 2017 saw sales in revenue increase by 36.2% year-on-year to CNY 105.4bn, with smartphone shipments growing to 73.01 million showing a 20.6% year-on-year increase.

The company's growth is driven by an increase in sales of mid-range and high-end smartphones in key areas, such as Greater China and Europe. Furthermore the smartphone manufacturer expanded to Asia-Pacific markets, these include Thailand, Malaysia, Japan and South Korea.  

Richard Yu, chief executive officer of Huawei's Consumer Business Group, said: "This ongoing growth is testament to the strength of the Huawei brand and the momentum we've built through delivering premium, market-redefining devices that resonate with today's discerning consumers.

"Huawei devices have resonated with global audiences because of our clear commitment to quality, experience and innovation," continued Yu. "With a robust consumer devices ecosystem that includes critically acclaimed smartphones, tablets, wearables and now PCs, consumers know that they can trust Huawei to deliver the kind of experience they're looking for in a premium device."

Moving forward, Huawei aims to push towards artificial intelligence and machine learning to drive a new smart era. Furthermore it will commit to delivering intelligent devices, as well as drive innovation by collaborating with Leica, Dolby, Microsoft, Intel and Google.

 

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