News Huawei Press Release Huawei predicts 42% increase in annual performance for 2016 Huawei Consumer Business Group believes to beat 2015 sales with a steady growth By Press Release Posted on February 15, 2017 4 min read 0 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Press ReleaseLahore 15th February, 2017 — Huawei Consumer Business Group (CBG) revealed its expected 2016 annual performance figures indicating a 42 per cent increase when compared to 2015. With anticipated sales revenue of USD $26 billion Huawei CBG is showing steady growth for the fifth consecutive year. Additionally, smartphone shipments reached 139 million units presenting a year-on-year growth of 29 percent. According to IDC, the increasing rate of global smartphone shipments was only 0.6% in 2016, which means Huawei has outperformed the overall market. Mr. Richard Yu, Chief Operating Officer of Huawei CBG commented on the results saying, “Despite tough market conditions Huawei CBG is still growing at industry-leading speed. We believe our success is a direct result of our consumer and innovation-centric approach, as well as our ongoing commitment to building a premium brand. As we reinforce our global channels and ensure consistent, high-quality service, we make our devices accessible and reliable for all Huawei users.” When speaking on Huawei’s plans for the coming year, Yu said: “In 2017, we plan to strengthen our supply chain, channels, R&D efforts, our after-sales services. We will also work to fortify any other areas and to streamline our operations, improve the efficiency of our decision-making, drive our internationalization strategy and proactively develop future capacity.” In 2016, Huawei CBG focused on developing meaningful innovations and made breakthroughs in the areas of operating systems (EMUI based on Android), dual-lens camera technology, artificial intelligence and more. Huawei unveiled EMUI 5.0 – their latest operating system software that is deeply integrated with the Kirin chipset and contains 20 Huawei patented technologies. 2016 also saw the introduction of Huawei’s first dual-lens camera technology featured on a flagship device. These were designed in conjunction with industry expert Leica Camera AG and by the end of the year Huawei had developed two generations of dual-camera technology. This not only set the industry ablaze and established new benchmarks for image quality but also, it made the Huawei P9 and Mate 9 very popular amongst consumers. In September 2016, Huawei also founded the Max Berek Innovation Lab alongside Leica Camera AG. This center will see joint research and development efforts in the fields of optical systems, imaging algorithms, virtual and augmented reality. This article contains content from a press release issued by the company and does not reflect any opinion or recommendation from Tech Prolonged.