Huawei released its audited annual report for 2014. The Chinese tech giant posted record revenue of $46.5 billion and net profit of $4.5 billion - up 20.6% and 32.7% respectively from the previous year.
The company’s Consumer Business Group which designs and manufactures smartphones and tablets saw its annual revenue grow by almost a third (32.6%) from 2013 to $12 billion. Healthy demand for the company’s smartphones and tablets drove the revenue bump.
The manufacturer invested $6.6 billion for research and development in 2014. That is 14.2% of Huawei’s revenue and 29.4% more than in 2013. Overall, the company has spent a whopping $30.7 billion on R&D over the past decade.
Huawei will likely continue growing throughout 2015. The company will launch its next flagship smartphone, the Huawei P8 on April 15.
Chinese and Indian, then no1 else. I still don't see any reason except price to buy any of these Chinese knockoffs instead of an established manufacturer with a proper 2 year EU warranty and after market support.
Tip us
1.7m 126k
RSS
EV
Merch
Log in I forgot my password Sign up