Chinese tech giant Huawei said smartphone shipments rose 25 percent on-year in the first half of the year, as consumers snapped up high-end phones in Europe and Central Asia.
Huawei Consumer Business Group said smartphone shipments were at 60.56 million in the January-June period, a 25 percent on-year increase.
In comparison, research firm International Data Corporation said in a report in June that smartphone shipments worldwide are expected to grow a mere 3.1 percent in 2016, compared to the 10.5 percent growth registered in the previous year.
Sales revenue for Huawei Consumer Business Group for the January-June period came in at 77.4 billion yuan ($11.59 billion). Huawei Consumer Business Group's full-year sales revenue guidance is $28 billion.
"We are quite confident we will achieve that," Roland Sladek, vice president for international media affairs at Huawei, told CNBC by phone.
Huawei's overall sales revenue for H1 2016, announced Monday, which includes its enterprise and carrier businesses, was 245.5 billion yuan, a 40 percent on-year increase. The company's operating margin was 12 percent.