Huawei first-half global smartphone shipments jump 25 percent

Reuters News
Posted: Jul 26, 2016 2:35 AM

HONG KONG (Reuters) - China's Huawei Technologies Co Ltd [HWT.UL], the world's third-largest smartphone vendor, on Tuesday said it shipped 60.5 million smartphones globally in the first half of 2016, a 25 percent rise from a year before.

Shenzhen-based Huawei, which competes with Samsung Electronics Co Ltd <005930.KS> and Apple Inc <AAPL.O>, reported a 41 percent increase in its consumer business group revenue to 77.4 billion yuan ($11.6 billion) thanks to strong sales of high-end smartphones, the company said in a statement.

"We saw particularly fast growth in traditionally high-end smartphone markets such as Europe and emerging markets including North Africa, Central Asia and Latin America," Huawei's head of consumer business Richard Yu said in a statement.

(Reporting by Yimou Lee; Editing by Edwina Gibbs)