Huawei’s Consumer Division Shows 24% Year-On-Year Growth In H1 2019 Results

Mobile

Huawei has announced its business results for the first half of 2019 - Chinese Yuan 401.3 billion in revenue.

Written By Tech Desk | Mumbai | Updated On:
A Huawei Mate 20

Huawei has announced its business results for the first half of 2019 - Chinese Yuan 401.3 billion in revenue, a 23.2% increase over the same period last year. The company's net profit margin for H1 2019 was 8.7%. 

In Huawei's consumer business, H1 sales revenue hit Yuan 220.8 billion. Huawei's smartphone shipments (including Honor phones) reached 118 million units, up 24% YoY. The company also saw rapid growth in its shipments of tablets, PCs, and wearables. Huawei is beginning to scale its device ecosystem to deliver a more seamless intelligent experience across all major user scenarios. To date, the Huawei Mobile Services ecosystem has more than 800,000 registered developers and 500 million users worldwide. 

Huawei Chairman Liang Hua also claimed that operations have been smooth and the organization, in turn, has been sound. With effective management and excellent performance across all financial indicators, Huawei's business has remained robust in the first half of 2019. 

Huawei had year-over-year growth of 50.3% in Q19 with volumes of 59.1 million units and a 19% market share. Huawei sold 200 million smartphones in 2018, setting yet another new milestone for the company. The company had managed to ship 100 million devices by the end of May, thus reaching the 100 million mark faster than it did last year. Huawei has managed to mark a new 3-month sales record with its P30 series managing to reach 10 million sales over an 85 day period.  

"Revenue grew fast up through May," said Liang. "Given the foundation, we laid in the first half of the year, we continue to see the growth even after we were added to the entity list. That's not to say we don't have difficulties ahead. We do, and they may affect the pace of our growth in the short term." 

He added, "But we will stay the course. We are fully confident in what the future holds, and we will continue investing as planned – including a total of CNY120 billion in R&D this year. We'll get through these challenges, and we're confident that Huawei will enter a new stage of growth after the worst of this is behind us." 

Also Read: Xiaomi Tops Q2 2019 Market Share With 6% Growth In Shipments, Huawei And Samsung Decline In New Research Report

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