Huawei Technologies Co Ltd more than doubled its China smartphone revenue in the first half of 2015, defying a slowdown in the world’s biggest handset market that is enveloping rivals Xiaomi Inc and Samsung Electronics Co Ltd.
The fourth-largest smartphone maker globally missed shipment targets for two years, but a focus shift to high-margin premium models pushed January-June worldwide shipments to 48.2 million phones, Huawei said today. That puts it on course to move 100 million mobiles this year, 33% more than last.
The turnaround comes almost three years after Shenzhen-based Huawei decided to shed its budget appeal and challenge Samsung and Apple Inc at the high-end of the market, where analysts said an increasing number of previously price-conscious Chinese consumers are willing to spend their money.
(Source: The Business Times)