Huawei, the Chinese telecoms hardware maker, has unveiled an 87 per cent surge in handset sales revenues in the first half of 2015 and says its consumer electronics business — primarily smartphones — accounts for one-third of global revenues.
The privately held company, known for its telecoms network infrastructure business, has seen rapid growth in its smartphone division, which it launched under its own brand name three years ago.
Huawei yesterday published unaudited figures showing it shipped a total of 48.2m smartphones in the first half of the year, up 39 per cent from the same period a year earlier. Combined with a higher sale price, aimed at the top end of the market, revenues shot up even faster year on year to reach $7.2bn.
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