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Huawei secures 33% increase in profits for 2014

Huawei has a strong year, announcing a 33% growth in smartphone sales from 2013
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Apr 1, 2015 5:48 am

Huawei has had a strong couple of years, with the Chinese smartphone giant increasing its revenue by 21%, and its profits by 33% when compared to 2013. Huawei has pulled in overall revenues of $46.4 billion in 2014, with profits reaching $4.5 billion.




The company has seen a nice growth in its smartphone sales, with the Chinese manufacturer selling over 75 million handsets in 2014. 4G services have helped the company and its increased sales, with Huawei partnering up with multiple carriers across the world to provide telecommunications equipment. While the company isn't making waves in the US, it is doing very well in other regions like Europe and India.


This year, Huawei has plans to launch its Ascend P8 smartphone which should feature a 5.2-inch Full HD display, 64-bit 8-core Kirin 930 processor, 3GB of RAM, 32GB of storage with expandable storage. We should see Huawei take the wraps off of the Ascend P8 smartphone at its even on April 15 in London.


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