Huawei H1 2017 revenue grows 15%; CBG contributes 37%

In the first six months of 2017, Huawei generated revenue of $41.8 billion, an increase of 15% over the same period last year.

Huawei Consumer Business Group has grown by 36.2% year-on-year to $15.6 billion thereby contributing 37.3% to the overall group. Smartphone shipments also rose to 73.01 million, a year-on-year increase of 20.6%.

Huawei claims to have achieved solid growth across all three of its business groups in the first half of 2017 and the company is expected to maintain its current momentum in 2017.

In carrier business, Huawei continues to help global carriers drive digital transformation in all industries. The company is focusing on collaborative innovation in 5G and seizing key opportunities arising from video, B2B, and the Internet of Things (IoT).

With Huawei’s support, carriers are building All-Cloud networks and unlocking the potential of their existing networks. Together, Huawei and carriers are following the path toward new, value-driven growth.

In the enterprise business, Huawei continues to build open, resilient, flexible, and secure ICT platforms. Huawei has also stepped up efforts and investment in the areas of industry alliances, business alliances, open source communities, and developer platforms in order to build an open digital ecosystem.

Richard Yu, chief executive officer of Huawei’s Consumer Business Group, said, “Our Consumer Business Group continued to deliver extraordinary growth, beating the industry average and penetrating high-end markets around the globe. This ongoing growth is testament to the strength of the Huawei brand and the momentum we’ve built through delivering premium, market-redefining devices that resonate with today’s discerning consumers.”

Huawei is set to grow its expansive retail network, reaching 56,000 retail stores worldwide by the end of 2017 – an increase from 35,000 in May 2016.

 Huawei’s Consumer BG has maintained its tight focus on the needs of consumers. Huawei’s flagship products, such as the Huawei Mate 9, Huawei P10, Honor 9, and Huawei MateBook E/X/D, have been well received by consumers worldwide.