Huawei today unveiled its financial report for the initial half of 2018. The report displays the tech giant recorded a gross sales revenue of 325.7 billion yuan. The revenue for the initial half of 2018 represents an increase of 15% more than the similar time last year. The figures Additionally include things like 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 also expects its growth momentum and financial standing to continue to rise all throughout the year.
Huawei’s steady rise what is gradually threatening the top 2 global cameraphone market leaders Samsung and Apple might be traced to the remodelling of its business strategy. Huawei’s Consumer Business arm has continued to create worth for customers through technological innovations. This is seen in the innovations in photography and artificial intelligence (AI) on its most recent P20 flagship models. In addition, the revolutionary GPU turbo tech what was unveiled recently for Huawei phones is an additional innovation what sets the company apart from its competitors. In the PC aspect, the new Matebook X Pro laptop with a stunning full-screen design and style received lots of accolades in the media after it was released. The laptop confirmed Huawei’s presence in the high-end laptop market.
It didn’t come as a surprise, So, that the company is listed among the 2018 global Fortune 500 companies. Huawei’s ranking grew from 83 in 2017 to 72 this year. The Chinese company hinted that its products and solutions are used in more than 170 countries and regions, serving one-third of the world’s population. In addition, 211 of the Fortune 500 companies, as nicely 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 in their top 2 spots.