Huawei for the year expects to increase profit by 100%
According to the publication The Information last year on the background of stagnation in the smartphone market, Huawei was able to increase shipments of their devices by 30%. Recall, Huawei has shipped the 139 million smartphones.
The income of the company for the year 2016 to 26 billion dollars, according to this indicator, the growth exceeded 40%. However, Huawei’s profit fell by 10%. If in 2015 it amounted to 2.2 billion dollars, in 2016 the profit was at around $ 2 billion. The analysts of the company predicted that Huawei will be able to get at least $ 2.5 billion
In this regard, the information appeared about the fact that Huawei is planning to reduce its expenses this year. In particular, the cuts will be in marketing departments and retail sales.
In addition, Huawei has set the bar pretty ambitious for this year, hoping to profit $ 4 billion, that is, to demonstrate the growth of 100%.