Great news for Huawei today as the company has posted a 40% rise in sales revenue for the first half of the year compared to H1 2015. Huawei generated $36.8 billion in revenue, but profits are down to 12% in H1 2016 compared to 18% year-over-year.
There’s no information on the number of smartphones, tablets and smartwatches the company has shipped for the period. In the first half of 2015, the company shipped 48.2 million devices globally.
The rise in the revenue for the first half of 2016 is second consecutive after 2015, when Huawei reported a 30% rise of revenue compared to a H1 2014.
Huawei’s Chief Financial Officer Sabrina Meng noted that the spirits are high at Huawei for maintaining the strong momentum.
We are confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position backed by sound ongoing operations
Earlier in the year, Huawei set a revenue target of $75 billion for 2016.