After a lackluster year in 2016, Huawei's star is on the rise, with the Chinese technology company posting strong sales growth in 2017.
2017 was a roller coaster ride for Huawei. The Mate 10 Pro was one of our favorite phones of the year and packed an amazing camera and exceptional battery life. The Chinese company also took third place in smartphone sales in the final part of the year. Despite these victories, it was continually hampered by the inability to break into the US market. This led to several US carriers and retailers breaking links with Huawei in early 201
But Huawei has the last laugh? The company's profits increased by 28.1 percent in 2017, bringing the total profit to a remarkable 47.5 billion yuan ($ 7.3 billion). This is in contrast to a slow growth phase in 2016, during which the company only gained 0.4 percent.
The company also announced that it sold 153 million smartphones worldwide in the past year, and that total revenue increased to 603.6 billion yuan ($ 96.1 billion), an increase of 15.7 percent over 2016 This growth appears to be driven mainly by the consumer side of the business, where revenue has increased by 237.2 billion yuan ($ 37.8 billion) – an increase of 31.9 percent over 2016.
Huawei seems Benefit from these benefits by leveraging new technologies and increasing research and development funding by 17.4 percent and 89.7 billion yuan ($ 14.3 billion) into the next generation of the mobile Internet and other new technologies. 19659004] Huawei recently launched its latest range of smartphones in the Huawei P20 and P20 Pro, and you can read our first thoughts about the P20 Pro. It is equipped with the world's first of three rear-mounted camera lenses, with incredible camera technology that recently brought DxOMark's highest camera class onto a smartphone. We'll have to wait a bit longer to get a detailed overview of how well the rest of the phone is performing, but due to the strong initial reception, Huawei may have introduced yet another winner. Unfortunately, it will be difficult to get hold of in the US, thanks to Best Buy, which is withdrawing from Huawei phones, and US carriers refusing to store it.
Did these US companies put themselves in the foot? It seems that US consumers are the most lacking.