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Huawei reports 33% gain in net profit for 2015; smartphone shipments rise by 44%

Posted: , posted by Alan F.

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Huawei reports 33% gain in net profit for 2015; smartphone shipments rise by 44%
ccHuawei had a very good year in 2015. The company established itself as the third largest smartphone manufacturer behind only Samsung and Apple, released its first Nexus handset (the Nexus 6P), and launched some other well-received handsets. The company also gave notice to Samsung and Apple that it plans to become the largest smartphone manufacturer on the planet in five years.

The company recently disseminated its 2015 earnings report, which showed a 33% gain in profits to $5.7 billion USD. Revenue rose 37% to $60.9 billion USD. Higher investments in R&D reduced the company's gross margin from 44.2% to 41.7%.

Huaweii's consumer device business, which includes smartphones and tablets, saw revenue increase by a hefty 73% in 2015 to $19.9 billion USD. The company shipped 108 million smartphones last year, a 44% increase over 2014's numbers. Samsung shipped 319.7 million smartphones in 2015 while Apple delivered 231.5 million iPhones last year.

Nicole Peng, Asia-Pacific research director at Canalys, sees Huawei continuing to make strides with its smartphone business. She told CNBC that there are "growth opportunities for Huawei's smartphones, as it could win over consumers from Samsung and Apple, which have been struggling to create more innovative products."

The next big launch for Huawei will be the Huawei P9 flagship, which is expected to come with a dual camera set up and the Kirin 950 chipeet under the hood. That device will be introduced on April 6th.


Thanks for the tip!

source: CNBC

27 Comments
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posted on 02 Apr 2016, 03:53 1

1. obedchuni (Posts: 230; Member since: 16 Jun 2014)


Well who says no one makes money with android

posted on 02 Apr 2016, 04:12 5

3. gaming64 (Posts: 234; Member since: 22 Mar 2016)


Only retards speak of that statement.

posted on 02 Apr 2016, 04:44 1

4. Finalflash (Posts: 3559; Member since: 23 Jul 2013)


Lol the theme of this year is that no one makes money with Apple....except Apple. I think 3 of their suppliers are in the red and the rest are dropping profits.

posted on 02 Apr 2016, 11:39

18. justrt (Posts: 437; Member since: 10 Jul 2014)


Foxconn makes money

posted on 02 Apr 2016, 05:00

6. HugoBarraCyanogenmod (Posts: 1361; Member since: 06 Jul 2014)


Non-Chinese manufacturer barely earn money from Android. Truth hurts

posted on 02 Apr 2016, 06:30 1

8. Sidewinder (Posts: 515; Member since: 15 Jan 2015)


Mostly because they're not stepping up like Samsung while the Chinese manufacturers are simply filling up the void left by the big names

posted on 02 Apr 2016, 07:35 1

11. MSi_GS70 (unregistered)


Everybody should hold respect for huawei .. they are doin' great

posted on 02 Apr 2016, 08:19

14. jroc74 (Posts: 6019; Member since: 30 Dec 2010)


Damn...beat me to it. I was only 4 hours late lol

posted on 02 Apr 2016, 13:45 1

21. joeytaylor (Posts: 932; Member since: 28 Feb 2015)


Where is bobbybuster?

posted on 02 Apr 2016, 15:39 4

22. BobbyDigital (Posts: 2108; Member since: 29 May 2014)


My groupie girl Bobby Buster is on a well deserved ban from PA. Good riddance I say.

posted on 02 Apr 2016, 23:05

25. MySchizoBuddy (Posts: 158; Member since: 23 Aug 2011)


The profits mentioned are for the entire company they didn't mention the profits for its smartphone business. No one except Samsung makes money from android. But only a small amount compared to apple

posted on 02 Apr 2016, 04:11

2. ibend (Posts: 6725; Member since: 30 Sep 2014)


third largest smartphone manufacturer? but huawei really rare here, just like oppo and oneplus :-/ but maybe they have huge market in asia..

posted on 02 Apr 2016, 04:50 2

5. NoAllegiance (Posts: 441; Member since: 21 Mar 2016)


Just imagine if they lay off the iOS UI. I think that is the only thing that bothers me.

posted on 02 Apr 2016, 05:19

7. gaming64 (Posts: 234; Member since: 22 Mar 2016)


I don't think iOS and Android look alike. Android has a more natural color hue used while everything on iOS is just glossy. Both have great UI though so I don't bother much.

posted on 02 Apr 2016, 07:02 2

9. Mercedes-Benz (banned) (Posts: 403; Member since: 18 Jan 2015)


He meant the huawei emotion ui looks too much like iOS

posted on 02 Apr 2016, 11:08 1

17. DnB925Art (Posts: 1063; Member since: 23 May 2013)


Buy a Nexus 6P. Stock Google UI.

posted on 02 Apr 2016, 11:41

19. justrt (Posts: 437; Member since: 10 Jul 2014)


Where you at? Huawei Are big in Asia and now in Europe too!

posted on 02 Apr 2016, 07:02 3

10. Mercedes-Benz (banned) (Posts: 403; Member since: 18 Jan 2015)


The only good phone they have is the nexus 6p

posted on 02 Apr 2016, 07:38

12. NoToFanboys (Posts: 3114; Member since: 03 Oct 2015)


Mate 8

posted on 02 Apr 2016, 21:15

23. Novage (Posts: 33; Member since: 10 Nov 2015)


The 6p is one of the worst Huawei phone from 2015

posted on 02 Apr 2016, 22:12 1

24. Sovat_fc (Posts: 224; Member since: 30 Aug 2014)


@Novage - What are you smoking, dude?

posted on 03 Apr 2016, 00:18

27. justrt (Posts: 437; Member since: 10 Jul 2014)


Seriously!

posted on 02 Apr 2016, 08:01 1

13. gauthamkailash (Posts: 9; Member since: 23 Jan 2016)


Huawei is the shiz, just gotta improve their software.

posted on 02 Apr 2016, 09:37

15. AZNHA (unregistered)


what if Huawei follow Oneplus step ?
make the UI close as the stock android with bunch of features that already present in Emotion UI ..

posted on 02 Apr 2016, 10:40

16. kindlefireowner (Posts: 503; Member since: 05 Dec 2011)


Huawei making $5 billion dollars in profits in 2015 is good to hear. By comparsion, Apple made $18 billion in profits the last 3 months of 2015. Huawei profits came out of Samsung's pockets. Which is actually good because people are willing to buy Android phones not made by Samsung.

posted on 02 Apr 2016, 11:58

20. Subie (Posts: 1369; Member since: 01 Aug 2015)


Just shows what getting the Nexus contract last year did for their image! Good for Huawei.

posted on 02 Apr 2016, 23:31

26. gauthamkailash (Posts: 9; Member since: 23 Jan 2016)


Their mate series is perfect. All they have to do is step up their p series and improve on their software.

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