Chinese leading smartphone maker Huawei announced its results for the first half of 2016 on Tuesday. It received RMB 77.4 billion revenue (USD 11.6 billion) from 60.5 million smartphones.
According to Huawei, the 60.5 million smartphones counted as a 25% year-on-year (YoY) increase. At the same time many market research firms have predicted the growth of the global smartphone market to be in single digits for 2016.
Huawei’s share in the global smartphone market has accordingly been raised to 11.4% from the 9.9% share it held in 2015. It said it currently ranks first in China, with an 18.6% market share.
Additionally, the number of the company’s stores have surpassed 35,000 worldwide, 10,000 of which are in China.
The company said the P9 and Honor V8 smartphones and the Matebook notebook computer have contributed most to its revenue in the first half of 2016.
Huawei has also set the goal for its smartphone business in 2016: 140 million shipments, sales over USD 28 billion, and a 30% market share in China.
(Top photo from viewpoint.mydrivers.com)