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

Huawei has anunced its business results for first half of 2019 - Chinese Yuan 401.3 billion in revenue, a 23.2% increase over same period last year. 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 Hor phones) reached 118 million units, up 24% YoY. 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, 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 organization, in turn, has been sound. With effective manment and excellent performance across all financial indicators, Huawei's business has remained robust in 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 ar new milestone for company. company had mand to ship 100 million devices by end of May, thus reaching 100 million mark faster than it did last year. Huawei has mand 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 foundation, we laid in first half of year, we continue to see growth even after we were added to entity list. That's t to say we don't have difficulties ahead. We do, and y may affect pace of our growth in short term." 

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