"finchannel" said : Huawei Announces 2017 H1 Business Results

as mentioned in In the carrier business, Huawei continues to focus on enabling customer success and to help global carriers drive digital transformation in all industries. The FINANCIAL -- Huawei on July 27 announced its business results for the first half of 2017. Huawei's flagship products, such as the HUAWEI Mate 9, HUAWEI P10, Honor 9, and HUAWEI MateBook E/X/D, have been well received by consumers worldwide. In the enterprise business, Huawei continues to build open, resilient, flexible, and secure ICT platforms. More and more industry-leading companies have chosen Huawei as their partner for digital transformation.


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Huawei Consumer Business Group Announces 2017 H1 Business Results

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. The Huawei Consumer Business Group also experienced major breakthroughs in Asia-Pacific markets including Thailand, Malaysia, Japan and South Korea. HuaweiHuawei Consumer Business Group today 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. The Consumer Business Group is committing to delivering intelligent devices that anticipate users' needs and fit more organically into the way people work and live. "Huawei devices have resonated with global audiences because of our clear commitment to quality, experience and innovation," continued Yu.


"Our Consumer Business Group continued to deliver extraordinary growth, beating the industry average and penetrating high-end markets around the globe," said Richard Yu, chief executive officer of Huawei's Consumer Business Group, in a prepared statement. In May, a report from Gartner said Huawei had about 9 percent of the global market share in the first quarter of 2017, behind leaders Samsung and Apple. Total revenue for the first six months of 2017 came in at 283.1 billion yuan ($42.04 billion) and operating margin was 11 percent. Huawei, the world's third-largest smartphone vendor by shipment, said that its consumer business group saw sales revenue for the first six months ending in June grow by 36.2 percent on-year to 105.4 billion yuan ($15.65 billion). Earlier, Huawei said it saw a 15 percent on-year jump in overall revenue for the six months ending in June, with solid growth across its carrier, enterprise and consumer business groups.


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