Huawei Con­sumer Busi­ness Group an­nounces 2017 H1 busi­ness re­sults

Kuwait Times - - BUSINESS -

Huawei Con­sumer Busi­ness Group yes­ter­day an­nounced its 2017 first half year fi­nan­cial re­sults: sales rev­enue for the first six months of 2017 in­creased by 36.2 per­cent year-on-year to CNY105.4 bil­lion. Smart­phone ship­ments also rose to 73.01mil­lion, a yearon-year in­crease of 20.6 per­cent.

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 midrange and high-end smart­phones in key geogra­phies. In Greater China, Huawei laid claim to 22.1 per­cent 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. The Huawei Con­sumer Busi­ness Group also ex­pe­ri­enced ma­jor break­throughs in Asi­aPa­cific mar­kets in­clud­ing Thai­land, Malaysia, Ja­pan and South Korea. Rus­sia also grew strongly. Mean­while, ac­cord­ing to the re­search of GfK and Sino, Huawei’s Honor brand con­sec­u­tively topped both the In­ter­net smart­phone sales vol­ume and sales rev­enue in China from Jan­uary to May, 2017.

This year on year growth was re­flected in Huawei’s rise as a glob­ally rec­og­nized pre­mium brand. In 2017, Huawei was named num­ber 49 on BrandZ’s Top 100 Most Valu­able Global Brands, num­ber 88 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,” 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.”

As Huawei’s brand pres­ence grows, so too will its sales strat­egy. Huawei 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. These stores re­flect the high-end, pre­mium im­age that Huawei has cul­ti­vated around the world.

Look­ing ahead, Huawei ex­pects to spur con­tin­ued growth as the com­pany pushes its de­vices fur­ther through in­no­va­tions in ar­ti­fi­cial in­tel­li­gence and ma­chine learn­ing that will drive the new “smart era” for­ward. 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.

Across its 15 global re­search cen­ters and 36 joint in­no­va­tion cen­ters, Huawei is work­ing on new tech­nolo­gies in­clud­ing sen­sors, data man­age­ment and ad­vances to its Kirin chipset that are de­signed to bring this type of func­tion­al­ity to the mar­ket­place. Huawei is also com­ple­ment­ing its own in­no­va­tion by col­lab­o­rat­ing with in­dus­try-lead­ing com­pa­nies such as Leica, Dolby, Mi­crosoft, In­tel and Google.

Through these ef­forts, Huawei will con­tinue to de­light cus­tomers, chal­lenge the in­dus­try, and build a Bet­ter Con­nected World.

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