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Huawei sales boom with 19% increase in first half of 2014

Huawei sees sales boom in the first half of 2014 and racks up big profits (SHE:002502)

| Business, Financial & Legal News | Posted: Jul 21, 2014 2:06 pm

Smartphone makers and other firms know that one of the biggest emerging markets for all electronics products is China. Smartphone firms are working hard to get into the Chinese market where business is growing while sales in other more developed markets are slowing.

 

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China has a homegrown brand that is giving firms from other countries a big run for their money, that Chinese brand is Huawei. Huawei has announced that it has had a 19% sales increase in the first half of 2014. The company says that it expects profit margins in the area of 18.3% for the first half of the year.

 

Those numbers make it one of the most successful smartphones makers in the world. IDC shows that Huawei has shipped 13.7 million smartphones in Q1 2014 making it the third largest smartphone vendor in the world.

NEWS SOURCES:Bbc.com

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