Huawei records 19% increase in H1 revenues

Huawei reported H114 revenues were up 19 per cent year-on-year, to CNY135.8 billion (US$21.9 billion), helped by increased LTE investment worldwide and growing brand awareness for its range of consumer devices.

Huawei stated it also expected to post an operating margin of 18.3 per cent for the first six months.

The Chinese firm did not give a comparable figure for 2013, but operating margin for the whole of last year was 12.2 per cent.

Huawei’s flagship smartphone, the Ascend P7, is now being sold in more than 70 countries and regions. And though Ascend P7 was only launched in May, Huawei claimed recently it had already shipped more than one million of them.

IDC estimated Huawei shipped 13.7 million smartphones in the first three months of this year, making it the world’s third-biggest smartphone vendor.