Huawei today launched its financial report for the initially half of 2018. The report reveals the technology giant recorded a gross profits revenue of 325.7 billion yuan. The revenue for the first half of 2018 represents an increase of 15% over the exact same period last year. The figures also include an operating profit margin of 14%.
The manufacturer hinted that it aspires to update on its operational efficiency and the excellent of its operations. The manufacturer moreover expects its growth momentum and financial standing to continue to rise all throughout the year.
Huawei’s steady rise which is gradually threatening the top 2 global cameraphone market leaders Samsung and Apple could be traced to the remodelling of its business strategy. Huawei’s Consumer Business arm has continued to create price tag for consumers through technological innovations. This is seen in the innovations in photography and artificial intelligence (AI) on its latest P20 flagship models. In addition, the revolutionary GPU turbo technology which was revealed recently for Huawei phones is an additional innovation what sets the company apart in its competitors. In the PC aspect, the fresh Matebook X Pro laptop with a stunning full-screen design received lots of accolades from the media after it was released. The laptop established Huawei’s presence in the high-end laptop market.
It didn’t come as a surprise, therefore, that the manufacturer is listed among the 2018 global Fortune 500 companies. Huawei’s ranking grew from 83 in 2017 to 72 this year. The Chinese manufacturer hinted that its products and solutions are used in a lot more than 170 countries and regions, serving one-third of the world’s population. In addition, 211 of the Fortune 500 companies, as effectively as 48 out of the top 100 companies globally, have chosen Huawei as a partner in digital transformation. It’s only a matter of time before Apple or Samsung will become dislodged from their top 2 spots.