Global Sales of Huawei Rises by 36.2 Percent

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Global Sales of Huawei Rises by 36.2 Percent

July 28: The global sales revenue of Huawei for the first six months of 2017 has increased by 36.2 percent year-on-year to CNY 105.4 billion, according to the first half year financial results of 2017 announced by  Huawei Consumer Business Group on July 27.

Smartphone shipments also rose to 73.01 million, a year-on-year increase of 20.6 percent, reads a press statement issued by the Chinese smartphone brand, Huawei.

“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,” the statement quoted Richard Yu, chief executive officer of Huawei’s Consumer Business Group, as saying.

In the first quarter of 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, reads the statement.

“In Greater China, Huawei laid claim to 22.1 % of the market where shipments increased by 24 percent year-over-year.  Huawei also saw rapid growth in smartphone shipment across Europe, reporting 18 percent year-over-year growth with particularly robust performance in Central and Eastern and Nordic Europe,” said the statement, adding, “The Huawei Consumer Business Group also experienced major breakthroughs in Asia-Pacific markets including Thailand, Malaysia, Japan and South Korea. Russia also grew strongly.”

The statement further says that this year-on-year growth was reflected in Huawei’s rise as a globally recognized premium brand.

In 2017, Huawei was listed 49th on BrandZ’s Top 100 Most Valuable Global Brands while it ranked 88th in Forbes World’s Most Valuable Brands and number 40 on the Brand Finance Global 500 Most Valuable Brands lists.

“Huawei devices have resonated with global audiences because of our clear commitment to quality, experience and innovation,” added Yu.

Huawei claimed that the company is set to grow its expansive retail network, reaching 56,000 retail stores worldwide by the end of 2017 – an increase from 35,000 in May 2016.

 

 

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