Huawei’s Honor records revenue of $2.63 billion, estimates 20 million shipments in 1st half of 2015

by Khurram Anwar 0

Huawei Technologies Co. Ltd. is a Chinese multinational networking and telecommunications equipment and services company headquartered in Shenzhen, Guangdong.

Huawei launched its Honor sub-brand last year, aiming to offer unlocked devices through an online-only business model in order to reduce overhead costs.

The Chinese manufacturer has now announced today that the ‘Honor brand’ accounted for 20 million shipments during the first six months of 2015, netting $2.63 billion in revenue.

Phones like the Honor 6 Plus & Honor 4X were attributed for the hike in sales, with the former recording 3 million sales worldwide since its launch last year.

The manufacturer has also mentioned that it will continue to focus on the European market, where the Honor 7 is slated to launch later this month. Honor is now aiming to hit 40 million shipments by the end of 2015.

The increase in Honor’s sales figures has now a direct effect on Huawei’s bottom line for 2015, with the manufacturer witnessing 48.2 million smartphone shipments & a revenue hike of 69 percent from the same period a year ago.