Instead of going the traditional route and announcing its latest quarterly financial results, Huawei just came out with a cumulative first-half-of-the-year report that consolidates both the company’s position as the world’s third largest smartphone vendor, and its solid growth potential.

Granted, the early 2016 objective of shipping 140 million handhelds within 12 months, up 40 percent from the already remarkable 2015 total, no longer seems attainable. But 120M sounds good too, and if the Chinese OEM can keep up the sales momentum of a P9 and Honor 5X-headlined portfolio thus far, exceeding the mark by a few mil isn’t out of the question.

All in all, 60.5 million Huawei smartphones were sold worldwide between January and June 2016, which represents a robust 25 percent year-on-year surge, helped primarily by “traditionally high-end markets such as Europe.”

But the even better news might be that the strong recent performance of premium models like the P9 and P9 Plus boosted profitability, with revenues of around $11.6 billion for this year’s first six months, up a cool 41 percent from H1 2015. No wonder Chairman Richard Yu believes “there are only three major smartphone vendors in the world”, with others headed for certain death “in the next three to five years.” Of course, he’s probably underestimating OPPO and Vivo.

Source: Reuters

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