Huawei‘s 2019 Q1 generated CNY179.7 billion in revenue, an increase of 39% year-on-year with an 8% net profit margin as it continues its focus on ICT infrastructure and smart devices.
Despite its US legal woes, Huawei says 2019 will be a year of large-scale deployment of 5G around the world, and by the end of March 2019, Huawei had signed 40 commercial contracts for 5G with leading global carriers, and had shipped more than 70,000 5G base stations to markets around the world.
Huawei’s Enterprise Business Group also deployed the world’s first 5G-enabled Wi-Fi 6 access point. As of the end of Q1 2019, Huawei had shipped more Wi-Fi 6 products than any other company worldwide.
Huawei’s Consumer Business Group announced it had shipped 59 million smartphones while its HUAWEI CLOUD arm so more than one million enterprise users and developers sign up.
Huawei has of late been launching affordable 4G smartphones to take on competitors Samsung, OPPO, Transsion Holdings’ TECNO and INFINIX among others.
By launching the 4G enabled $100 smartphones, the firm has been eating into Transsion Holdings’ market which was around 35 percent across Africa. It has also had a dent into Samsung’s market share with its affordable premium devices to remain competitive.
According to Steven Li, Head of Eastern Africa Mobile during the launch of the Y5 Lite, “The introduction of the Y5 Lite in the market is therefore part of our strategy to target low end users who are looking for a budget device that offers unique experience that meets their needs and requirement.”
“The market has been competitive with the introduction of devices by other players in the market. As Huawei, we are keen on ensuring that our devices which we launch in the market are value for money making them more favorable in the already congested market. The launch of this device comes at a time when everyone is looking for a Christmas gift for their loved ones, it is an ideal gift for gifting people in your lives,” he concluded.