Huawei posts 11% increase in first-half sales

China’s mobile telecoms giant Huawei Technologies reported an 11% year-on-year gain in sales revenues to US$15.3 billion in the first six months of this year, the South China Morning Post reported. “Although the global economy continues to face uncertainty, we remain confident in achieving our annual sales target of RMB199 billion (US$31.1 billion) with our device and enterprise businesses as new growth drivers,” the company’s CFO Cathy Meng said. Hitting its annual sales goal would help the Shenzhen-based firm close in on industry leader Ericsson (ERIC.NASDAQ, ERIC B.OMX), whose turnover is expected to reach US$35.6 billion this year. First-half shipments of Huawei’s terminals, known as the Huawei Device, grew more than 40% year-on-year to 72 million. The increase was mainly led by sales of its smartphones based on the Google-developed (GOOG.NASDAQ) Android operating system.