Reporting its first half revenue performance, looks like Huawei is heading to another stellar year despite the setback it faced in US early this year. As we recall during this years CES keynote in Vegas, Group Chairman Richard Yu in his address to the media sounded disappointed when he received news his flagship smartphones will not be carried by the network operators in the country after being rejected by regulators. Taking the bit of news on his stride the affable leader went on to continue the presentation promising to be relentless in his pursuit for making Huawei a leading telecommunication brand.
In its first half earnings report the company’s revenue increased by 15% compared to last year, indicative of better sales of its smartphone devices and the acceleration of its 5G initiatives. In its enterprise business, Huawei has been increasingly involved in cloud computing, IoT, artificial intelligence (AI), and big data. Its data center, enterprise campus, Intent-Driven Network, all-flash storage, eLTE, and enterprise communications solutions has already been widely adopted in government, energy, transportation, finance, and manufacturing sectors in and out of China.
But its innovation in the smartphone category that is creating the excitement, its Huawei P20 series is quickly becoming a top Android smartphone usurping Samsung in some countries mainly due to it’s affordable price factor for a premium phone. To imagine just a decade ago the Huawei brand was familiar just to a few in the telecommunication infrastructure space has today grown to a multi billion dollar powerhouse out of Shenzhen venturing into AI, Cloud, Data Centre and 5G-LTE.
At this rate it will be a matter time before this company dominates the Android smartphone and together with other China counterparts will be controlling 80% of the world market.