News by admin on Wednesday December 31, 2014.
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We have heard plenty about Xiaomi's success in 2014, while other Chinese companies like Oppo and Meizu have also made their presence felt. Has that been to the detriment of traditional Chinese powerhouses such as ZTE and Huawei? According to the latter's financials the answer is no as once again it becomes apparent that in the huge Chinese market there could be room for everyone.A leaked memo seems to go into detail regarding Huawei's financials, and while the company is not confirming its authenticity, it seems like the real deal. It shows that smartphone sales have risen sharply, with 75 million units sold through the year, with revenue increasing to $11.8 billion. Huawei wanted to sell 80 million units this year, but the company will surely be happy considering the increase in competition. source: Reuters