Search DubaiPRNetwork.com

Home >> Technology

Huawei Consumer Business Group Announces 2018 H1 Business Results

Huawei Consumer Business Group Announces 2018 H1 Business Results

Sunday, August 5, 2018/ Editor -  

Share

Home >> Technology
Huawei rises to become the world’s second largest smartphone manufacturer with robust Q2 performance
 
August 5, 2018:   Huawei Consumer Business Group (CBG) today announced its business results for the first half of 2018. The company reported solid growth, with global smartphone shipments at 95+ million units*. According to IDC, Huawei rises to become the world’s second largest smartphone manufacturer in Q2 with the global market share of 15.8%.
 
Richard Yu, CEO of Huawei Consumer Business Group, said, “The past six months have been incredible for Huawei CBG, marked by robust growth of our business across all markets and product lines. Our success is owed to our commitment to innovation and, most importantly, our customers. Moving forward, Huawei will remain focused on continually improving our offerings with an emphasis on on-device AI, cloud and the wider Huawei ecosystem.”
 
Business performance highlights
  • HUAWEI P20 Series: Fusing art and technology, the P20 Series has been very well received among the fashion-forward consumers. The global shipments of the HUAWEI P20 Series surpassed 9 million units; 
  • HUAWEI Mate 10 Series: The latest HUAWEI Mate Series set the trend for mobile AI and strengthened the company’s position in the high-end market with global shipments of over 10 million units;
  • HUAWEI nova Series: Globally, the number of nova smartphone users exceeded 50 million, contributing to growth of the overall mid-range smartphone market. Total shipments of the nova Series increased by 60 percent year-over-year.
  • Huawei wearables achieved a remarkable 147 percent increase year-over-year;
  • Retail business has grown and now Huawei operates over 53,000 Huawei stores and 3,500 Huawei Experience Stores globally. The company plans to bolster its retail network by adding another 10,000 retail stores and 700 Experience Stores around the world before the end of 2018.
Brand recognition sees upward momentum
 
The impressive performances of Huawei’s flagship and mid-market smartphones have greatly improved the value of the Huawei brand: Huawei was named number 25 on Brand Finance’s Global 500 2018 list, number 48 on BrandZ’s Top 100 Most Valuable Global Brands list, and number 79 on Forbes’ Most Valuable Brands list. Of note, Huawei was the only Chinese company that managed to secure a spot on Forbes’ 2018 top 100 list. 

Previous in Technology

Next in Technology


Home >> Technology Section

Latest Press Release

Comments of Mr Atif Rahman, Director and Partner, Danube Properties & Mr Sudhaka ...

Netflix Announces What / If An All New Original Drama Series Starring Renée Ze ...

Hyundai to Strengthen SUV Line-up with Fourth Generation Santa Fe

Aster Volunteers and ERC Bring Children Together Through Educational Activities ...

Young children distribute EID gifts to Blue-Collar workers

du expands retail footprint in Dubai, Abu Dhabi and Ajman

Aldar Academies Al Yasmina Academy celebrates 100% A-Level pass rate

Holistic Learning Environment Nurtures Future Leaders at British International A ...

Fall/winter 2018 Collection

Create unforgettable memories and discover exquisite fragrances with the Wedding ...

Caparol signs strategic agreements in Iraq to increase market reach

This summer's new addition to your arm candy stack: HUAWEI TalkBand B5 now avai ...

Michael Phelps: ‘I didn't want to be alive'

Middle East factories could be the ‘world's best' say leading automation solutio ...

Summer time is family time for people in UAE and KSA

As per the Great Leader's Directive: Union Coop, the First Private Sector Enter ...

Gulf Air becomes the first national carrier to fly the A320neo in the region

Video: UAE Team Emirates Youth Academy Inspires Hundreds of Kids to Take Up Cycl ...

UAE-based du LaLiga HPC Team Beats Cadiz CF and Granada CF in Highly Competitive ...

Classic and Refined: SAINT HONORE introduces its new Allure Men Watch