Huawei and HONOR Release New Goals for Dual Brand Strategy

Huawei and HONOR Release New Goals for Dual Brand Strategy

PR Newswire

HONG KONG, April 4, 2019

HONG KONG, April 4, 2019 /PRNewswire/ -- Mr. Richard Yu, CEO of Huawei Consumer BG has announced the company's new strategic goals on his official Sina Weibo account:

  1. Huawei will become the world's largest smartphone manufacturer
  2. HONOR will become the 2nd largest smartphone manufacturer in China, and 4th in the world
  3. The company will support HONOR in the development of cutting-edge products and continue its investments in technology innovation, channel distribution and retail strategies while maintaining a firm dual-brand strategy between HONOR and Huawei. Both brands will maintain a forward-thinking mindset and help create an intelligent, fully-connected world.

According to Mr. Richard Yu, he believes that "Huawei Consumer BG has arrived at a brand new stage," and that "Huawei and HONOR are likely to become the world's largest smartphone manufacturer this year."

These new goals come after the company has achieved all seven strategic goals set by Mr. Richard Yu in 2012, including:

  1. Transform from ODM non-branded operator customization to an independent OEM brand
  2. Upgrade from low-end to mid- to high-end smart terminals
  3. Stop selling ultra-low-end feature phones with high sales volume but low profit
  4. Incorporate the HiSilicon quad-core processor and Balong chip
  5. Develop an e-commerce business
  6. Design an Emotion UI user experience
  7. Become the top performer in the global hardware industry

Huawei's consumer business leads the company's revenue with an increase of 48.4%, outperforming Huawei's carrier network business. Last year, Huawei's consumer business achieved sales of RMB 348.9 billion, a year-on-year increase of 45.1%, making it the largest contributor to the company's revenue.

HONOR has cemented its leading position with strong growth, despite a global industry downturn. According to IDC, the global smartphone market recorded a 3.1% year-over-year decline in shipments in the first three quarters of 2018, but HONOR bucked that trend and achieved a 27.1% increase. Also, HONOR achieved a year-on-year (YoY) increase of over 170% in international sales in 2018. HONOR ranked No.2 in global online sales volume with a 29.4% increase YoY in 2018 [Source: IDC Worldwide Mobile Phone Tracker, 2018].

HONOR has launched a number of new technologies this year that showcase the brand's pioneer position in the industry, including:

"HONOR is on the brink of yet another breakthrough and there is no slowing down for us. As the going gets tough, the tough get going. We'll treat each day as an opportunity to deliver greater value to our fans. For HONOR, the best is yet to come," said Mr. George Zhao.

About HONOR

HONOR is a leading smartphone e-brand. The brand was created to meet the needs of digital natives through internet-optimized products that offer superior user experiences, inspire action, foster creativity and empower the young to achieve their dreams. In doing this, HONOR has set itself apart by showcasing its own bravery to do things differently and to take the steps needed to usher in the latest technologies and innovations for its customers.                       

For more information, please visit HONOR online at www.hihonor.com or follow us on: 

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