Huawei saw 37% annual revenue growth last year - biggest since 2008
Chinese company Huawei recorded an annual revenue of RMB 395 billion ($61.10 billion) in 2015, which translates into an year-on-year growth of 37%. This is the company's biggest annual revenue growth in the past seven years.
Huawei's net profit for the year stood at RMB 36.9 billion, up 32 percent from the RMB 27.9 billion figure it reported the year prior. The company's handset division played an important role in this with a 44% jump in shipments. In case you don't already know, Huawei became the first smartphone company in China whose shipments crossed the 100 million mark in a year in 2015.
The company's carrier business - which now accounts for around 59% of the company's revenue - also saw a jump of 21.4% last year primarily due to China's adoption of 4G mobile technology.
Huawei's growth is "a direct result of strategic focus and heavy investment in our core businesses," said Guo Ping, one of the CEOs. The company expects its annual revenue to increase to $75 billion this year.
Reader comments
- Mochan
- t7K
You forgot the billions of dollars Apple spent marketing their products (very high cost).
- nk
- 4A0
You don't even know the definition of quality until you've come in touch with Huawei, think little crappy iPhones represent quality? Think again or take a look at how Chinese companies like Huawei built 4G networks with their equipment and ponder jus...
- nk
- 4A0
Lenovo, Huawei, ZTE, Oppo, DJI, Tp-link, Haier etc. are all industry leaders, number one brands in the world in their respective fields not just in terms of market share but also in quality and technology. Name me any brand with better blu-ray player...
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