(MENAFNEditorial) Growth in high-end markets fuels increased smartphone revenue and market share
Dubai, United Arab Emirates - July 27th, 2017: Huawei Consumer Business Group announced its business results today for the first half of 2017. For the first six months of the year, Huawei earnings totaled RMB XXX, a year-over-year growth of XXX%, with smartphone shipments reaching XXX, a year-on-year increase of XXX percent.
Huawei Consumer Business Group Chief Executive Officer Richard Yu said, 'Our Consumer Business Group has continued to deliver extraordinary growth, beating the industry average and penetrating high-end markets around the globe. This growth is a testament to the strength of the Huawei brand and the momentum that we've built through delivering premium, market-shifting devices that resonate with today's discerning consumers.
In Q1 2017, Huawei rose to claim 9.8 percent of the global smartphone market, according to IDC. This growth was driven by a significant increase in sales of mid-range and high-end smartphones in key geographies. In Greater China, Huawei laid claim to XXX percent of the market and shipments increased by XXX percent year-over-year. Huawei also saw rapid growth in Europe, reporting XXX percent year-over-year growth with particularly robust performance inCEE & Nordic Europe. The Huawei Consumer Business Group also experienced major breakthroughs in Asia-Pacific markets including Thailand, Malaysia, Japan, South Korea and Russia. Meanwhile, according to the research of GfK and Sino, Honor consecutively topped both the Internet smartphone sales volume and sales revenue in China from January to May, 2017.
This growth was reflected in Huawei's rise as a globally recognized premium brand. In 2017, Huawei has been named number 49 on BrandZ's Top 100 Most Valuable Global Brands, number 88 of Forbes World's Most Valuable Brands and number 40 on the Brand Finance Global 500 Most Valuable Brands list.
'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 globe.
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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