. 24/7 Space News .
INTERNET SPACE
China telecom giant Huawei first half revenue up 40%
by Staff Writers
Shanghai (AFP) July 25, 2016


Samsung hits back at China's Huawei with patent suit
Seoul (AFP) July 22, 2016 - South Korea's Samsung Electronics said Friday it had filed a patent infringement suit in China against Huawei, adding fuel to a growing legal battle between the rival smartphone makers.

In the suit filed in a Beijing court, the electronics giant demanded millions of dollars in compensation from the Chinese firm for allegedly stealing its mobile imaging and data storage technology.

"Despite our best efforts to resolve this matter amicably, it has regrettably become necessary to take legal action in order to defend our intellectual property," Samsung said in a statement.

The move came after Huawei had filed a similar suit in a US court in May, accusing Samsung of stealing patents on wireless connectivity for handsets.

Samsung is still the world's top smartphone maker, but its market dominance has been challenged by the emergence of Chinese firms such as Huawei, pumping out cheaper, lower-end models.

Huawei is now the third-largest smartphone manufacturer in the world, after Samsung and Apple, with a market share of about eight percent, according to the market tracker IDC Research.

Samsung is no stranger to patent rows, having duelled lawsuits with Apple for years in courts around the world.

The two reached a ceasefire in 2014 when they decided to drop all patent disputes outside the United States.

Chinese telecoms equipment giant Huawei said on Monday that revenue surged 40 percent year-on-year in the first half of 2016, boosted by steady growth in smartphone sales.

Total sales revenue reached 245.5 billion yuan ($36.7 billion) in January-June, audited results released in a company statement showed.

The company did not provide a breakdown of the figures.

"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," Huawei chief financial officer Sabrina Meng said.

Huawei is one of the largest providers of network infrastructure globally, but its consumer products are less well-known outside of China.

Its consumer business, including smartphone sales, has strongly supported the company's performance, soaring 73 percent to 129.1 billion yuan last year.

Huawei had more than eight percent of the world smartphone market last year, putting it in third place behind Samsung and Apple, International Data Corporation (IDC) said in a report this year.

Huawei said in the statement that its consumer business in the first half "maintained steady growth globally". It is set to release sales figures for its smartphone business later this week.

The firm said net profit rose 33 percent year-on-year in 2015, reaching 36.9 billion yuan, adding that revenue for the year was 395 billion yuan, a year-on-year increase of 37 percent.

Huawei is not listed on any stock exchange but it releases financial information in the interest of transparency.

US officials view Huawei as a security threat due to perceived close links to the Chinese government, which the company denies.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
INTERNET SPACE
Many fitness trackers leak personal data: study
Washington (AFP) July 18, 2016
Security weaknesses on many popular fitness trackers may allow hackers to access or potentially manipulate user data, a study showed Monday. The study of seven Android-powered trackers by the security firm AV-Test showed vulnerabilities similar to that found in its research from a year earlier - with many devices lacking secure connections or tamper protection. The researchers said the ... read more


INTERNET SPACE
Taiwan to make lunar lander for NASA moon-mining mission

NASA camera catches moon 'photobombing' Earth

Russia to spend $60M in 2016-2018 to fund space voyages to Moon, Mars

Russian Moon Base to Hold Up to 12 People

INTERNET SPACE
NASA Selects Five Mars Orbiter Concept Studies

Next Mars Rover Progresses Toward 2020 Launch

Mars Canyons Study Adds Clues about Possible Water

Curiosity Mars Rover Enters Precautionary Safe Mode

INTERNET SPACE
Disney theme park in Shanghai nears a million visitors

Sensor Technology Could Revolutionize What You Sleep On

Return to light for underground astronauts

Mathematical framework prioritizes key patterns to accelerate scientific discovery

INTERNET SPACE
Dutch Radio Antenna to Depart for Moon on Chinese Mission

Chinese Space Garbageman is not a Weapon

China to launch its largest carrier rocket later this year

China committed to peaceful use of outer space

INTERNET SPACE
Russia launches ISS-bound cargo ship

New Crew Members, Including NASA Biologist, Launch to Space Station

Russian New Soyuz-MS Spacecraft Docks With ISS for First Time

NASA Highlights Space Station Research Benefits, Opportunities at San Diego Conference

INTERNET SPACE
SpaceX propels cargo to space station, lands rocket

SpaceX to launch key 'parking spot' to space station

Russia to Continue Rocket Engine Supplies to US Under Existing Contracts

India launches 20 satellites in single mission

INTERNET SPACE
Surface Composition Determines Planet's Temperature and Habitability

Warm Jupiters Not as Lonely as Expected

NASA's Kepler discovers more than 104 new exoplanets

Behind the scenes of protostellar disk formation

INTERNET SPACE
Rice's 'antenna-reactor' catalysts offer best of both worlds

'Green' electronic materials produced with synthetic biology

'Jumping film' harnesses the power of humidity

Chemists create microscopic and malleable building blocks









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.