Huawei doubles China smartphone revenue in H1

After missing shipment targets for two years Huawei Technologies more than doubled smartphone revenue in the first half of the year to push global revenue for the period to US$9.09 billion, up 69% year on year, Reuters reported. A focus shift to high-margin premium models pushed January-June worldwide shipments to 48.2 million phones, the company said, In contrast to Huawei, overall smartphone shipments in China shrank for the first time in six years in the first quarter, and one-time leader Xiaomi booked its first drop in sequential semi-annual sales, saying the domestic market is nearing saturation.