By Zika Bobby
HUAWEI, a leading global information and technology (ICT) solutions provider, has continued to record remarkable business growth for first half of 2015 with the total revenue reaching a total of $9.09 billion.
The result showed an impressive year-on-year increase of 69 per cent of its Consumer Business Group (CBG), with unit’s sales income representing 32 per cent of total income of the parent company, Huawei Technologies, up from 24 per cent in first half of the year.
Huawei’s handset business revenue reached $7.23 billion in first half of 2015, recording a year-on-year increase of 87 per cent. According to the firm’s Senior Marketing Manager, Nigeria Consumer Business Group, Mr. Olaonipekun Okunowo, “this was due to the success of Huawei Consumer BG’s strategy of focusing on mid-to-high-end handsets, which contributed to both the increase in shipments and average selling price.
“This incredible growth is a testament to our core business strategy to offer premium quality products, bringing our expected earnings for 2015 from $16 billion to $20 billion. Such an unparallelled and rapid growth in performance is an outcome of Huawei’s Consumer BG’s commitment to consumers’ needs and our core strategy of providing innovative hardware technology and software experience. With our unswerving and huge investment in R&D, Huawei is set to become one of the key players in the long-run.”
In first half of 2015, Huawei Consumer BG shipped a total of 48.2 million smart phones, representing a year-on-year increase of 39 per cent, while global smart phone demand has only recorded a seven per cent growth in the same period. Shipment for the mid-to-high end category recorded a year-on-year increase of 70 per cent, representing 31 per cent of the total handset shipment and 42.9 per cent of total income. The income of the mid-to-high end category increased 388 per cent with the profit of this category representing 44 per cent of the total profit.
Source : SunOnline