Huawei H1 seeks to profit by 23.2 percent in the first half of 2019

Huawei H1 seeks to profit by 23.2 percent in the first half of 2019
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Telecommunications company Huawei has announced that its business has seen an increase in the revenue by 23.2 percent during the first half of 2019. The company’s profit margin was around 8.7 percent.

Liang Hua, Chairman of Huawei has said that the operations are carried out smoothly and the organization is in a sound position. In Huawei’s carrier business, the H1 sales revenue has reached to 146.5 billion yuan during the first half.

Its smartphone shipments (including Honor phones), has reached 118 million units, an increase of 24 percent. The company has also seen fast growth in its shipments of tablets, PCs, and other accessories.

Today, the Huawei Mobile Services ecosystem has more than 800,000 registered developers and around 500 million users worldwide. Hua has said that the company continues to see the growth even after their addition to the US entry list. He believes there are competitions ahead and that may affect the growth in the short term.

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