huawei-logo-2

Huawei Exceeded Expectations In 2014, Company’s Revenue Increased 30% Last Year

January 27, 2015 - Written By Kristijan Lucic

We’ve already received some information regarding Huawei’s financial results in 2014, along with top Chinese smartphone manufacturers. Thanks to that info, we knew that this China-based company did really well in 2014, but the company has just released their official 2014 results. Huawei’s official results have only confirmed our previous info, the company did great in 2014, anyhow, let’s check out the info Huawei provided.

Huawei has some fierce competition in China from a number of companies, like Lenovo and Xiaomi for example. Let’s just right to it, Huawei’s revenue has increased 30% in 2014, which is commendable no matter which way you look at it. The company’s revenue was $12.2 billion, which are record-breaking numbers for Huawei, they never crossed the $10 billion mark. The company has sold 138 million devices in 2014, feature phones and smartphone included. Huawei managed to earn profit on 75 million units, as far as smartphones are concerned, which is a 45% increase compared to 2013. Wonder which smartphones old best for Huawei? Well, the Ascend P7 was extremely popular it seems, the company has sold 4 million P7 units in the first six months of its existence, and 2 million units of the Ascend Mate 7. We’re talking about global sales here, not just China, just so that you know. Huawei also managed to sell 20 million units of their Honor-branded smartphones.

Huawei has announced that they will focus on manufacturing mid and high-end devices in 2015 and are hoping to sell over 100 million units in 2015, while Xiaomi is hoping to do the same. “Our strategy of focusing on premium mid- to high- end products has borne fruit, with 2014 resulting in significant achievements in a number of areas including product R&D, brand awareness, channel development and growth in market share which further consolidated our number three position in the global smartphone market. The global influence of our brand has continued to grow, and Huawei has become the first mainland Chinese company to successfully enter Interbrand’s Top 100 Global Brands of 2014 list,” said Mr. Richard Yu, CEO of Huawei.

There you have it, Huawei did really great in 2014. Are you surprised by these numbers? Have you had the chance to use a Huawei smartphone in 2014 or perhaps own one?