Huawei reported a 15 percent jump in revenue for the first six months of 2017 compared to the same period last year. The Chinese vendor attributed the results to solid growth in its carrier, enterprise, and consumer businesses.
The company's consumer business group saw sales revenue for the first six months ending in June increase by 36.2 percent year on year to 105.4 billion yuan ($15.65 billion). Huawei holds about 9 percent of the global smartphone market, according to a May report by Gartner, behind Samsung and Apple. Its smartphone shipments increased 20.6 percent year on year to 73.01 million.
In China, the company remains the market leader for smartphones, according to research firm Canalys, despite a 3 percent annual decline in device shipments in mainland China. Huawei said it has 22.1 percent of market share in China, and also reported 18 percent year on year growth in shipments to Europe.
"Our Consumer Business Group continued to deliver extraordinary growth, beating the industry average and penetrating high-end markets around the globe," said Richard Yu, chief executive officer of Huawei's Consumer Business Group in a statement.
In overall revenue, Huawei said it saw a 15 percent year on year increase for the six months ending in June, with strong growth across its carrier, enterprise and consumer business groups. Total revenue came in a 283.1 billion yuan (42.04 billion) and operating margin was 11 percent.
The company expects to finish the year in a positive financial position, it said.
