Business Desk :
Huawei Consumer Business Group on Thursday announced its 2017 first half year financial results: sales revenue for the first six months of 2017 increased by 36.2% year-on-year to CNY105.4 billion. Smartphone shipments also rose to 73.01million, a year-on-year increase of 20.6 percent, says a press release.
Richard Yu, chief executive officer of Huawei’s Consumer Business Group, said, “Our Consumer Business Group continued to deliver extraordinary growth, beating the industry average and penetrating high-end markets around the globe. 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.”
In Q1 2017, Huawei’s market share rose to 9.8 percent of the global smartphone market, according to industry analysts IDC. This growth was driven by a significant increase in sales of mid-range and high-end smartphones in key geographies. In Greater China, Huawei laid claim to 22.1 % of the market where shipments increased by 24 percent year-over-year.
Huawei Consumer Business Group on Thursday announced its 2017 first half year financial results: sales revenue for the first six months of 2017 increased by 36.2% year-on-year to CNY105.4 billion. Smartphone shipments also rose to 73.01million, a year-on-year increase of 20.6 percent, says a press release.
Richard Yu, chief executive officer of Huawei’s Consumer Business Group, said, “Our Consumer Business Group continued to deliver extraordinary growth, beating the industry average and penetrating high-end markets around the globe. 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.”
In Q1 2017, Huawei’s market share rose to 9.8 percent of the global smartphone market, according to industry analysts IDC. This growth was driven by a significant increase in sales of mid-range and high-end smartphones in key geographies. In Greater China, Huawei laid claim to 22.1 % of the market where shipments increased by 24 percent year-over-year.
