Huawei have announced its business results for the first half of 2019, and the results, for a company that faced serious, if short-term roadblocks, is heartening indeed. Huawei have reported USD $58.34 billion in revenue, a 23.2% increase over the same period last year. The company’s net profit margin for H1 2019 was 8.7%.
In Huawei’s consumer business, H1 sales revenue hit USD $32.1 billion. Huawei’s smartphone shipments (including Honor phones) reached 118 million units, up 24% YoY. The company also saw rapid growth in its shipments of tablets, PCs, and wearables. Huawei is beginning to scale its device ecosystem to deliver a more seamless intelligent experience across all major user scenarios. To date, the Huawei Mobile Services ecosystem has more than 800,000 registered developers, and 500 million users worldwide.
In Huawei’s carrier business, H1 sales revenue reached USD $21.29 billion, with steady growth in production and shipment of equipment for wireless networks, optical transmission, data communications, IT and related product domains. To date, Huawei has secured 50 commercial 5G contracts and has shipped more than 150,000 base stations to markets around the world.
In Huawei’s enterprise business, H1 sales revenue was USD $4.59 billion. Huawei continues to enhance its ICT portfolio across multiple domains, including cloud, artificial intelligence, campus networks, data centers, Internet of Things, and intelligent computing, while supplying to government as also commercial sectors like finance, transportation, energy and automobiles.
Huawei’s Chairman, Liang Hua, mentioned how the brands constant focus on innovation and R&D would stay, mentioning “We will stay the course. We are fully confident in what the future holds, and we will continue investing as planned – including a total of USD $17.44billion in R&D this year. We’ll get through these challenges, and we’re confident that Huawei will enter a new stage of growth after the worst of this is behind us.”