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HUAWEI revenues up 30 percent in stellar H1 2015
Huawei has been steadily producing impressive handsets and the improvements over the past twelve months seem to be paying off as the Chinese manufacturer has recorded impressive growth in revenues during the first half of the year.
[related_videos title=”HUAWEI in 2015:” align=”right” type=”custom” videos=”617012,613020,609513,604157,591854,586544″]Since IFA in September last year, the company has produced a steady stream of impressive premium devices, both through its own brand and its HONOR sub-brand. The company is also one of the world’s leading network infrastructure and equipment manufacturers and these make up two of the company’s three business segments, with the other segment focusing on its enterprise business.
As a result of impressive growth, HUAWEI has recorded a 30-percent increase in revenue during the six months to US $28.3 billion (175.9 billion yuan) and the company expects to achieve “effective growth” this year. The increased revenues resulted in an operating margin of 18 percent, which was slightly down on the 18.3 percent during the first six months of last year.
In the brief statement, HUAWEI CFO Meng Wanzhou, said:
“HUAWEI achieved stable and healthy growth in all of its three business segments…We are confident that we will maintain effective growth and steady and healthy development in all business segments in 2015.”
So far this year, the company has introduced the HONOR 6 Plus in Europe – and exclusively in Three retail stores in the UK – along with the HUAWEI P8, P8 Max and P8 Lite around the world. Just a few weeks ago, the HONOR 7 was announced in China and this looks to continue recent performance, with the handset selling out in just minutes as a result of millions of pre-orders.
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For the second half of the year, HUAWEI is also expected to bring the HONOR 7 to Europe as well as announce the Ascend Mate 8 at IFA 2015 in September. If these handsets continue the trend, the second half of the year may also see an increase in HUAWEI’s revenues while the rumoured HUAWEI Nexus could deliver Huawei’s strongest year yet.