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Huawei Technologies' first-half smartphone revenue more than doubles in China

2015-07-22 07:28:25| Oil & Gas - Topix.net

Huawei Technologies Co Ltd [HWT.UL] more than doubled its China smartphone revenue in the first half of 2015, defying a slowdown in the world's biggest handset market that is enveloping rivals Xiaomi Inc [XTC.UL] and Samsung Electronics Co Ltd at the high-end of the market, where analysts said an increasing number of previously price-conscious Chinese consumers are willing to spend their money. In contrast to Huawei, overall smartphone shipments in China shrank for the first time in six years in the first quarter, and one-time leader Xiaomi booked its first fall in sequential semi-annual sales, saying the domestic market is nearing saturation.

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Huawei smartphones sales jump 39%

2015-07-22 06:12:39| BBC News | Business | UK Edition

Chinese tech giant Huawei says its global smartphone sales jumped by 39% in the first half of the year.

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Huawei 1H smartphone shipments hit 48.2m

2015-07-22 02:00:00| Total Telecom industry news

Chinese vendor's consumer business reports 69% surge in revenue.

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Huawei reports 30% jump in revenue

2015-07-20 09:19:48| BBC News | Business | UK Edition

Chinese telecoms giant Huawei Technologies reports a 30% increase in revenue for the first six months of the year, helped by "solid" smartphone sales.

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Huawei reports H1 revenues up 30%

2015-07-20 08:42:00| Telecompaper Headlines

(Telecompaper) Huawei Technologies reported first-half revenues up 30 percent year-on-year to CNY 175.9 billion. The company's operating margin reached 18 percent for the period, supported by "stable and healthy growth in all of its three business segments," according to CFO Meng Wanzhou. Huawei said growth started to pick-up at its enterprise division in the first half, and its consumer business benefited from its growing range of mid-range and high-end smartphones, especially the Mate7 and P8. In its main network equipment business, the company benefited from the continued expansion of 4G networks in its home market China, the migration to SDN and NFV as well as network capacity deals in other countries to support the demand for mobile data. The company did not provide further details on the half-year results. 

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