​Huawei delivers 40 percent jump in sales for H1 2016

Chinese hardware manufacturer Huawei has announced a 40 percent jump in sales to 245.5 billion yuan for the first half of 2016.
Written by Asha Barbaschow, Contributor

Huawei has announced its business results for the first half of the year, with the company generating sales revenue of 245.5 billion yuan, a 40 percent increase year-on-year.

The Chinese technology giant also reported an operating margin of 12 percent.

"We achieved steady growth across all three of our business groups, thanks to a well-balanced global presence and an unwavering focus on our pipe strategy," Huawei chief financial officer Sabrina Meng said in a statement.

"We are confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position backed by sound ongoing operations."

According to the company, its consumer business has maintained steady growth globally with flagship products, such as the P9, Mate 8, Honor V8, and MateBook, experiencing rapid adoption.

The Chinese giant announced in June that thanks to "unprecedented global sales" of its new flagship smartphones, the P9 and P9 Plus, its global smartphone market share grew to 8.5 percent. Global shipments of the two devices surpassed 2.6 million within the first six weeks of their launch in April.

For the first quarter of 2016, Huawei said it shipped 28.3 million units globally -- a jump of 64 percent from the number shipped in the same quarter for 2015.

Huawei's enterprise business continued its focus on innovation in areas such as the Internet of Things (IoT), cloud computing, storage, and SDN products.

Last week, Huawei announced the signing of a memorandum of understanding with General Electric (GE), which will see them partner on application development for the Industrial IoT.

Huawei earlier this month also launched its narrowband Internet of Things (NB-IoT) solution at Mobile World Congress (MWC) in Shanghai, saying it will have a large-scale commercialised IoT offering by the end of this year.

The company said on Monday its Electric Power IoT solutions have been widely adopted in sectors such as finance, power, transport, public security, education, and media.

The local arm of the tech giant, Huawei Technologies Australia, recorded a pre-tax profit of AU$18.6 million -- nearly double last year's AU$9.6 million -- for the calendar year ended December 31, 2015.

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