Huawei Sold 153 million Smartphones this year, but Revenue is Slowing
The 2017th is a good year for Huawei and the statistics confirm it. Over the past 12 months, the company has sold an impressive 153 million smartphone, said personally the Chief Executive Ken Hu in this New Years message. Sales growth is 15 percent from 2016, which is also a good result, although this is the lowest value for the past four years.
Huawei said it would focus on profit after posting near-flat annual profit growth in March, weighed down by its fast-growing but thin-margin smartphone business and marketing spending.
The overall strategy of the company to sell good quality Android phones at more affordable prices has served it well lately, but the question remains whether the more modest current financial results will affect this policy in the future.
Huawei does not hide his ambitions to climb the very top and this year even surpassed Apple in a quarter. Still, there’s a pretty good deal left behind by Samsung, and overcoming the huge South Korean front will be a tough and long task.
Richard Yu, CEO of Huawei’s consumer business group, in a separate New Year’s message said the group will strive to obtain a larger share in the high-end market globally, after recording “significant” growth in markets such as Italy and Germany in the past year.
“In 2018, we will have disruptive products and innovative technology to lead the global market. I believe that 2018 will be the first year that we will truly be walking the road to global prominence,” Yu said.
In October Huawei launched its Mate 10 series, its most expensive model to date and powered with AI-enhanced chips which the company says are faster than Apple’s iPhones. The model “sold extremely well,” Yu said, without disclosing a number.
Yu said the division’s revenue is expected to rise 30 percent to 236 billion yuan — also its slowest growth since 2013. “We need to better understand the needs of high-end users outside China and fashion-savvy young consumers in China,” Yu said. Post from: GizBrainhttp://szlifestyle.com/sz/2017/12/30/huawei-sold-153-million-smartphones-revenue-slowing/https://i0.wp.com/szlifestyle.com/sz/wp-content/uploads/2017/12/Huawei-P9-launch-event.jpg?fit=1024%2C631https://i0.wp.com/szlifestyle.com/sz/wp-content/uploads/2017/12/Huawei-P9-launch-event.jpg?resize=180%2C150HUAWEITECH NEWSAndroid,Huawei,smartphoneThe 2017th is a good year for Huawei and the statistics confirm it. Over the past 12 months, the company has sold an impressive 153 million smartphone, said personally the Chief Executive Ken Hu in this New Years message. Sales growth is 15 percent from 2016, which is also a...Richard D.Richard Deendeen@szlifestyle.comContributorRichard Deen is a writer at szlifestyle. What can I say I love gadgets!szlifestyle.com Tech News, Life Style, Reviews, Videos!