Huawei sales revenue rises 40%, company wants to make $75 billion in 2016
posted by Luis D. / Jul 25, 2016, 4:12 AM
Chinese telecom giant and smartphone maker Huawei keeps building up its considerable momentum, announcing a 40% rise in sales revenue for the first half of 2016. This is a 10% improvement compared to the same time last year. In the past six months, the company amassed $36.8 billion (245 billion CNY) and intends to maintain this movement, setting a revenue target of $75 billion for the end of 2016.
Without reflecting on performance details, Huawei noted that it aims to conclude 2016 on a positive financial note, achieved by success in its ongoing operations. CFO Sabrina Meng added that the company has achieved "steady growth" across its three business groups (consumer, device, and enterprise) so far, owing it to its "balanced global presence."
Posts: 949; Member since: Oct 31, 2013
To my taste, the P8 is the best looking smartphone ever. If Huawei decide to put a decent GPU in their future chip, i will seriously consider them.
posted on Jul 25, 2016, 4:18 AM 0
Posts: 43; Member since: Nov 11, 2014
Samesmuck will soon be third place..
posted on Jul 25, 2016, 6:08 AM 2
Posts: 2370; Member since: Apr 30, 2013
Not likely, their global market growth rate is next to nonexistent. They're relying primarily on the Chinese market to remain competitive. We all know what happens when markets saturate.
posted on Jul 25, 2016, 8:28 AM 9
Posts: 14967; Member since: Sep 25, 2013
Question. Not saying it can't happen, but you think Huawei will sell 300M phones anytime soon? Because 80M+ phone per quarter is a lot of phones. Without markets like Europe and the USA, it will be hard to sell 80M phones per quarter. Look how long it took Apple to reach 75M sales and they sell phones in both Europe and the USA.
posted on Jul 25, 2016, 11:14 AM 6
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