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Chinese phone maker Huawei is thriving despite increased competition in the handset market.

Huawei sales reached CNY245.5 billion (US$36.7 billion)in the first six months of this year – an increase of 40 per cent on the same period last year. The company’s operating margin was 12 per cent.

“We achieved steady growth across all three of our business groups, thanks to a well-balanced global presence and an unwavering focus on our pipe strategy,” said Huawei’s CFO Sabrina Meng.

“We are confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position backed by sound ongoing operations.”

A big driver of the increase is Huawei’s enterprise business, which the company says is on a fast development track.

“Enterprises are giving widespread recognition to Huawei’s innovative, industry-leading products and solutions,” the company said in a statement.

“Huawei’s cloud computing, storage, and SDN products, and Safe City and Electric Power IoT solutions have been widely adopted in sectors such as finance, power, transport, public security, education, and media.”

Huawei has become one of the most favored device brands in nearly 30 countries. And Huawei’s first 2-in-1 laptop, the MateBook, is now available in dozens of countries.

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