According to a report by “The Information”, Huawei sold 30 percent more phones in 2016 than in the previous year, despite smartphone sales generally slowing down across the globe.
Gizchina News of the week
The company’s revenueĀ increased by 42 percent to $26 billion, but profitsĀ amounted to (only) $2 billion last year, a 10% drop when compared to the $2.2 billion it made during 2015, failing to achieve its yearly goal of 2.5$ billion in profits.
After these results, reports indicate that the Chinese company is now looking at ways to cut its expenses for the coming the year, and we quote: āespecially on areas like marketing and retail sales channelsā.Ā For this year (2017), the company reportedly has internal targets that aim to double last yearās profit to $4 billion (!) so this means that the company will probably reduce the promotion/advertisement per year in order to tighten its belt and increase profit.
Can they make it? What do you think?
P10 (Plus)! Yes plz! MWC can’t come soon enough!
Stop using Barcelona football club as your advertisement we all know the players like neymar and Suarez have iPhones!!
A bit surprising that they didn’t make MORE money, their phones are generally on the pricey side.
When the best selling phone is the $60 Honor Bee it isn’t so surprising.