Huawei Consumer Business Group Announces 1H 2015 Financial Performance
Impressive overall revenue growth of 69%, Strategy proves successful with 87% Y-o-Y revenue growth of handset business22 July, 2015[Shenzhen, China, July 22, 2015]: Huawei, a leading global information and communications technology (ICT) solutions provider, today announced the business performance of its Consumer Business Group (BG) for the first half of 2015. Huawei Consumer BG continued to record remarkable business growth in 1H 2015 with the total revenue reaching a total of USD 9.09 billion, showing an impressive year-on-year increase of 69%. The unit’s sales income represented 32% of the total income of parent company Huawei Technologies, up from 24% in the same period last year. Huawei’s handset business revenue reached USD 7.23 billion in 1H 2015, recording a year-on-year increase of 87%. This was due to the success of Huawei Consumer BG’s strategy of focusing on mid-to high-end handsets, which contributed to both the increase in shipments and average selling price.
This incredible growth is a testament to our core business strategy to offer premium quality products, bringing our expected earnings for 2015 from USD 16 billion to USD 20 billion.” said Mr. Richard Yu, CEO of Huawei Consumer BG. “Such a remarkable and rapid growth in performance is a result of Huawei’s Consumer BG’s commitment to consumers’ needs and our core strategy of providing innovative hardware technology and software experience. With our consistent and huge investment in R&D, Huawei is set to become one of the key players in the long-run.”
