Huawei revenue slows

Stefan Mileschin · 29th December 2017, 15:26

'Only' a 15 percent rise

Huawei expects 2017 revenue to rise 15 percent to $92.08 billion. Rotating chief executive, Ken Hu spun in a New Year’s message to staff posted on its official WeChat account that it would make it the slowest revenue growth in four years for Huawei.

Hu also said Huawei’s smartphone shipments in 2017 totalled 153 million units and its global market share surpassed 10 percent.

Huawei vowed to focus on profit after posting near-flat annual profit growth in March, weighed down by its fast-growing but thin-margin smartphone business and massive marketing spending.

Its leading position in the world’s biggest smartphone market came under threat from local rivals over the past year and a half.

http://fudzilla.com/news/mobile/4528...-revenue-slows

29th December 2017, 15:26	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Huawei revenue slows 'Only' a 15 percent rise Huawei expects 2017 revenue to rise 15 percent to $92.08 billion. Rotating chief executive, Ken Hu spun in a New Year’s message to staff posted on its official WeChat account that it would make it the slowest revenue growth in four years for Huawei. Hu also said Huawei’s smartphone shipments in 2017 totalled 153 million units and its global market share surpassed 10 percent. Huawei vowed to focus on profit after posting near-flat annual profit growth in March, weighed down by its fast-growing but thin-margin smartphone business and massive marketing spending. Its leading position in the world’s biggest smartphone market came under threat from local rivals over the past year and a half. http://fudzilla.com/news/mobile/4528...-revenue-slows

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