Chinese telecom equipment and handset-maker Huawei's consumer business group on Tuesday reported a steady growth in smartphone shipments.
"Mid-to-high-end devices accounted for 33 percent of those shipments up seven percent points over the previous quarter," the company said in a release.
Total smartphone units shipped by Huawei for the quarter ending on September 30 reached 27.4 million units, representing a year-on-year increase of 63 percent.
Industry-wide smartphone shipments for 2015 meanwhile are expected to grow by just 9.3 percent year-on-year.
"This quarter's results clearly showcases the continued success of our growth strategy," said the group's chief executive Richard Yu.
"At this rate, we are confident in our ability to reach our smartphone shipment target of 100 million units by year's end," he added.
Smartphone shipments to Europe, and the Middle East and Africa regions grew by 98 and 70 percent respectively over last year, the company said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
