LAHORE – Huawei Consumer Business Group (CBG) revealed its expected 2016 annual performance figures indicating a 42 per cent increase when compared to 2015. With anticipated sales revenue of USD $26 billion Huawei CBG is showing steady growth for the fifth consecutive year. Additionally, smartphone shipments reached 139 million units presenting a year-on-year growth of 29 percent. According to IDC, the increasing rate of global smartphone shipments was only 0.6% in 2016, which means Huawei has outperformed the overall market.
Richard Yu, chief operating officer of Huawei CBG, commented on the results saying, “Despite tough market conditions Huawei CBG is still growing at industry-leading speed. We believe our success is a direct result of our consumer and innovation-centric approach, as well as our ongoing commitment to building a premium brand.
As we reinforce our global channels and ensure consistent, high-quality service, we make our devices accessible and reliable for all Huawei users.”
When speaking on Huawei’s plans for the coming year, Yu said: “In 2017, we plan to strengthen our supply chain, channels, R&D efforts, our after-sales services. We will also work to fortify any other areas and to streamline our operations, improve the efficiency of our decision-making, drive our internationalization strategy and proactively develop future capacity.”