Huawei posts a financial report for 2014, its mobile division scores a revenue of $12 billion
posted by Peter K.
Mar 31, 2015, 7:03 AM
Huawei is not only one of the most prominent smartphone manufacturers in China, but also one of the largest in the world in terms of sold devices. From the looks of it, everything is good for the maker of devices like the Ascend Mate7 and the Ascend P7, as its most recent financial reports is quite favorable. The company has scored a neat 21% revenue increase for the last fiscal year; the increase from the year before (2013) is even bigger at 33%. The China-based giant accounted for global earnings of 288.2 billion yuan (roughly $46.4 billion) and brought home 27.9 billion yuan (roughly $4.5 billion) in pure profits.
Broken down by segments, the mobile division of the company accounts for a revenue of $12.2 billion, a 32.16% increase over the previous year.
"Our strong revenue growth in 2014 can be attributed to a continuous focus on our pipe strategy, while profit increase stems from streamlined management and improvements in overall efficiency," said Ken Hu, Deputy Chairman of the Board and Rotating CEO. "With heavy investment in innovations in areas such as cloud computing, big data, 5G, SDN and NFV, we believe we are well positioned to capture the tremendous business opportunities in this digital transformation era."
Of course, these good financial results are due to the large number of devices that Huawei sold last year - approximately 75 million handsets. The fiscal 2015 will certainly be another important year for Huawei, as the competition on the market is fiercer than ever.
The company's next move - the Huawei P8 (that's right, Huawei is dropping the "Ascend") - will be unveiled pretty soon, probably on April 15. The device has already been certified by TENAA and is said to come with a 5.2-inch 1080p display, a 64-bit octa-core Kirin chipset, 3GB of RAM, and a 13MP rear camera.
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