Chinese electronics company Huawei saw its smartphone shipments increase more than 40 percent in 2014 - an impressive figure, but still below internal estimates - as Huawei tries to keep up with Xiaomi.
Huawei saw global shipments reach 75 million, coming in shy of its estimated 80-million unit mark, with growth rate figures also dropping year-over-year. However, continued growth helped Huawei revenues increase 30 percent to $11.8 billion.
Much of the attention in the smartphone market is captured by Samsung and Apple, but Chinese smartphone manufacturers have a lot to be proud of. Xiaomi, Huawei and Lenovo help make up the top six global smartphone manufacturers - mainly contributing to China and emerging markets with low-cost handsets.