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Huawei revenue rises 40% in first half

Huawei’s revenue has surged 40% in the first half of the year as the company leverages on its carrier, consumer and enterprise businesses and gains awareness and global market share.

The telecommunications device firm said sales of smartphones and other devices “grew steadily” in the first half of the year, making the company “one of the most favoured device brands in nearly 30 countries”.

Huawei’s enterprise business continued its focus on innovation in areas such as the Internet of Things (IoT), cloud computing, storage, and SDN products.

“We are confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position backed by sound ongoing operations,” said Sabrina Meng, Huawei’s chief financial officer.

The world’s number three smartphone vendor is narrowing the gap between itself and the industry’s current leaders Samsung and Apple. Huawei’s global market share measured by volume was 8.2% in the first quarter, an increase from 5.2% a year earlier, according to research firm IDC.

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