Huawei joined several other companies in announcing financial results for their just completed accounting period and the news was good for the Chinese smartphone manufacturer. Huawei reported a 40% increase in sales revenue for the first half of 2016 compared to the same period last year, totaling CNY245.5 billion ($36.7B USD), on an operating margin of 12%.
In a statement issued by Sabrina Meng, Huawei's Chief Financial Officer regarding the financial results, she noted:
"We achieved steady growth across all three of our business groups, thanks to a well-balanced global presence and an unwavering focus on our pipe strategy. We are confident that Huawei will maintain its current momentum, and round out the full year in a position financial position backed by sound ongoing operations."
Huawei did not reveal sales numbers for their mobile devices or particular lines of business. However, they do indicate they "maintained steady growth globally" for products like the P9, Mate 8, Honor V8 and MateBook. The company also noted that they are making gains in areas like 5G network connections and Internet of Things infrastructure and devices. In these latter areas, Huawei is working directly with telecom operators in order to prepare for a new wave of technology and related devices.
source: Huawei
Raised in North Carolina, Jeff Causey is a licensed CPA in North Carolina and possesses the CAPM credential from PMI. Jeff's past Android devices include an HTC EVO, a Samsung Note II, and an LG G3 along with a Samsung Galaxy Tablet 10.1. He currently uses a Motorola Moto X Pure Edition and (very rarely) a Nexus 7 (2013). Jeff used to have a pair of Google Glass and a Moto 360 Sport in his stable of gadgets. Unfortunately, his wife and kids have all drunk the Apple Kool-Aid and have i-devices. Life at home often includes demonstrations of the superiority of his Android based devices. In his free time, Jeff is active in his church, a local MINI Cooper car club, and his daughter's soccer club. Jeff is married, has three kids, and a golden retriever.
Source: Huawei sales revenue up 40% thanks to strong smartphone sales
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