Now the Chinese company Huawei is the third largest smartphone manufacturer in the world. But by 2020, it expects to take first place in the global mobile market, leaving behind the current leaders in the face of Samsung and Apple. Towards achieving this goal Huawei has made progress. Last year, it was able to increase sales of its smartphones as compared to 2015.
In 2016, Huawei has sold 30% more smartphones than a year earlier. But Huawei profits, on the contrary, decreased. Despite the growth in sales of smartphones, Huawei recorded a drop in revenue. At the end of 2016 net income of $ 2 billion, which is 10% less than in 2015, when Huawei made a profit of $ 2.2 billion. Interestingly, Huawei itself had forecast a profit of $ 2.5 billion. At the same time revenues Huawei last year increased by 42% to $ 26 billion. The reduction of profit can be explained by an increase in marketing expenses and an increase in the cost of components.
In 2017 Huawei has set a new goal - to double profits to $ 4 billion ..