Huawei reports 33% gain in net profit for 2015; smartphone shipments rise by 44%
posted by Alan F. / Apr 02, 2016, 3:17 AM
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!
Posts: 316; Member since: Jun 16, 2014
Well who says no one makes money with android
posted on Apr 02, 2016, 3:53 AM 1
Posts: 4063; Member since: Jul 23, 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 Apr 02, 2016, 4:44 AM 1
Posts: 1412; Member since: Jul 06, 2014
Non-Chinese manufacturer barely earn money from Android. Truth hurts
posted on Apr 02, 2016, 5:00 AM 0
Posts: 957; Member since: Feb 28, 2015
Where is bobbybuster?
posted on Apr 02, 2016, 1:45 PM 1
Posts: 159; Member since: Aug 23, 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 Apr 02, 2016, 11:05 PM 0
Posts: 6747; Member since: Sep 30, 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 Apr 02, 2016, 4:11 AM 0
Just imagine if they lay off the iOS UI. I think that is the only thing that bothers me.
posted on Apr 02, 2016, 4:50 AM 2
Posts: 403; Member since: Jan 18, 2015
The only good phone they have is the nexus 6p
posted on Apr 02, 2016, 7:02 AM 3
Posts: 51; Member since: Nov 10, 2015
The 6p is one of the worst Huawei phone from 2015
posted on Apr 02, 2016, 9:15 PM 0
Posts: 504; Member since: Dec 05, 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 Apr 02, 2016, 10:40 AM 0
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