About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, January 6, 2016

Smartphones Sales Soar at Huawei

Huawei said its revenue in 2015 was 390 billion Chinese yuan (60.1 billion US dollars), which would represent a year-on-year increase of about 35%. Huawei also noted it invested about 50 billion yuan (about 13% of sales) in research and development in 2015. source: Huawei letter to staff

Richard Yu, head of Huawei’s consumer business group, said that the company’s consumer business sales grew by nearly 70% in 2015 to more than 20 billion dollars, as it shipped 108 million smartphones—a 44% increase from 2014. source: Wall Street Journal article

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