Sales from the consumer business group, which includes smartphones and electric vehicles, rose more than 2 per cent after two years of decline.
Huawei Technologiesâ consumer business returned to growth after substantial decline in its smartphone sales in the past two years, as the Chinese telecoms equipment giant defies the impact of US sanctions to revive its once-lucrative handset segment.
The company said its total revenue grew 3.1 per cent in the first half of 2023, reaching 310.9 billion yuan (US$43.1 billion) and higher than the 0.8 per cent revenue growth seen in the first quarter and the 0.9 per cent growth for the full year of 2022.
Sales from the consumer business group, which includes smartphones and electric cars under the Aito brand, rose 2.2 per cent to 103.5 billion yuan, the company reported on Friday.
Huawei said its first-half performance was in line with forecast. While the Shenzhen-based company is privately held, it voluntarily discloses key financial data on a regular basis.
The company said its total revenue grew 3.1 per cent in the first half of 2023, reaching 310.9 billion yuan (US$43.1 billion) and higher than the 0.8 per cent revenue growth seen in the first quarter and the 0.9 per cent growth for the full year of 2022.
Sales from the consumer business group, which includes smartphones and electric cars under the Aito brand, rose 2.2 per cent to 103.5 billion yuan, the company reported on Friday.
Huawei said its first-half performance was in line with forecast. While the Shenzhen-based company is privately held, it voluntarily discloses key financial data on a regular basis.
The improved results followed Huaweiâs efforts to survive US sanctions by resuscitating its handset business and diversifying into new industries, including cloud computing and electric cars.
