Huawei reported a 32% increase in revenue for 2016 to 521.6 billion Chinese yuan (75.1 billion US dollars). The Carrier business group generated 290.6 billion billion in revenue, an increase of 24% year-on-year, while the Enterprise business group lifted revenues 47% to 40.7 billion yuan. Huawei's Consumer business group shipped 139 million smartphones during 2016, generating 179.8 billion yuan in revenue, up 44%.
"The year 2016 saw a flock of black swans – both political and economic – sweep across the globe. Nevertheless, we maintained our strategic focus, patiently applying ourselves to making breakthroughs and creating real value for our customers," said Huawei's rotating CEO Eric Xu. "Our carrier business, with a continued focus on digital transformation, achieved solid growth by leveraging major opportunities in cloud, video, IoT, and operations transformation." source: Huawei statement
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