Huawei di­als into ro­bust growth

China Daily (Hong Kong) - - BUSINESS - By CHENG YU and MA SI

Huawei Tech­nolo­gies Co Ltd said it main­tained ro­bust growth in the first half of the year, as the world’s third big­gest smart­phone maker con­tin­ued to ex­pand its pres­ence in the high-end seg­ment.

The Shen­zhen-based com­pany said it shipped about 73 mil­lion smart­phones in the first six months, up 20 per­cent year-on-year. The strong mo­men­tum helped its con­sumer busi­ness group record 105 bil­lion yuan ($15.6 bil­lion) in rev­enue, ac­count­ing for about 37 per­cent of its to­tal rev­enue.

Yu Cheng­dong, CEO of Huawei’s con­sumer busi­ness group, said the com­pany’s prod­ucts are be­com­ing in­creas­ingly pop­u­lar in Europe, South­east Asia and other re­gions.

At the same time, Huawei’s arch ri­val Ap­ple Inc fell out of the list of China’s top four smart­phone sell­ers in the sec­ond quar­ter, as mount­ing com­pe­ti­tion from lo­cal play­ers in­ten­si­fied, a re­port by con­sul­tancy Coun­ter­point Re­search said.

Ac­cord­ing to the re­port, Ap­ple’s mar­ket share by smart­phone ship­ments in China de­clined to 8.2 per­cent in Q2, com­pared with a 10.1 per­cent share for the pre­vi­ous quar­ter.

Ow­ing to the down­ward tra­jec­tory, the Cal­i­for­nia-based com­pany was re­placed in the fourth slot by lo­cal brand Xiaomi Corp, which grabbed 13 per­cent of the mar­ket.

The re­port is the lat­est ev­i­dence that Ap­ple is los­ing mo­men­tum in China, where lo­cal play­ers are scram­bling to ex­per­i­ment with new tech­nolo­gies and are ad­just­ing deftly to lo­cal con­sumers’ chang­ing tastes and life­styles.

Last year, Ap­ple’s flag­ship iPhone lost the ti­tle of best­selling smart­phone in China, the first time it fell from its throne since 2012, the Coun­ter­point re­port showed.

Con­tact the writ­ers at masi@chi­nadaily.com.cn

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