News by Luke Jones on Tuesday January 27, 2015.
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While Samsung and Apple dominate the smartphone market, there are several companies on their heels, and many of them have a legitimate claim on the third place in the market. Xiaomi, Lenovo, and LG spring to mind, but perhaps the strongest claim would come from Huawie, a company that outsold those rivals in 2014 and also raked in plenty of money too.The Chinese juggernaut has released its financials for 2014 and they make for good reading. Revenue increased by 30% in 2014 with $12.2 billion coming in altogether. Huawei says that is its highest ever yearly revenue and the first to surpass $10 billion. All in all, including feature phones, Huawei shifted 138 million and raked in profit on smartphones, not bad for a brand that still fails to make a huge impact in Europe and North America.
Our strategy of focusing on premium mid- to high- end products has borne fruit, with 2014 resulting in significant achievements in a number of areas including product R&D, brand awareness, channel development and growth in market share which further consolidated our number three position in the global smartphone market. The global influence of our brand has continued to grow, and Huawei has become the first mainland Chinese company to successfully enter Interbrand?s Top 100 Global Brands of 2014 list," revealed Mr. Richard Yu, CEO of Huawei.
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.