KuwaitPR.com, Online Press Release from Kuwait
 
Technology, Computers & IT(Technology)
Filter PR by
  
Huawei Consumer Business Group Announces 2018 H1 Business Results
Huawei Consumer Business Group Announces 2018 H1 Business Results
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. 

Posted by : Kuwait PR Network Editorial Team
Viewed 7189 times
PR Category : Technology
Posted on : Sunday, August 5, 2018  2:34:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of KuwaitPR.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Cerruti 1881 MOLVENO timepiece and cufflinks [18237-Views]
NARSissist Wanted Eyeshadow Palette Get More Views [15969-Views]
NARSissist Wanted Cheek Palettes I & II Raise Your Profile [12550-Views]
The Trendiest Fall/Winter 2018 Accessories From Etoile ‘La Boutique' [10746-Views]
Joyalukkas opens newest showroom in Kuwait at Farwaniya [8524-Views]
Kindle Devices Now Available on SOUQ.com [8225-Views]
NARS Erdem SS19 Beauty Report [7872-Views]
Huawei Consumer Business Group Announces 2018 H1 Business Results [7134-Views]
Diana Arno Expands Online Shopping to Middle East [6855-Views]
The Future Is Here [6154-Views]
Aseel Al-Hamad tells CNN: Nothing is impossible [5568-Views]
FOREO To Attend TFWA: the World's Largest Travel Retail Show [4358-Views]
Clean Air in Classrooms Improves Student Performance [3760-Views]
Renault Talisman The Best Combination Between High Performance & Comfortability [2423-Views]
SNC-Lavalin signs Al Zour Refinery contract in Kuwait [2341-Views]
Jumeirah Messilah Beach Hotel & Spa Kuwait appoints new Director of Sales & Marketing [2218-Views]
Nissan Al Rai Showroom Welcomes You on Fridays From 4 pm to 8 pm [2185-Views]
The Charismatic SUV - Renault Koleos Can Be Yours today! [2013-Views]
Burgan Bank Contributes to the Integration of Children with Autism into Society through Support of A... [1960-Views]
Burgan Bank Provides New Summer Trainees Modern Banking Experience [1742-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories