December 31, 2015 8:52am
Huawei took some big steps forward in the last year, growing quickly and even passing seasoned hardware manufacturers in smartphone market share. In December, the company reported surpassed 100 million handsets shipped in 2015, a 33 percent increase over last year.
The closely-held Chinese company announced this week that revenue in 2015 rose over 35 percent compared to 2014. Market research from IDC also showed that worldwide shipments from Huawei grew 61 percent in the third quarter, a massive jump compared to the market’s overall 6.8 percent increase.
Huawei continues to invest almost $17 billion USD a year, with a little less than half of that going to R&D, and the rest going to services, as well as sales and marketing. The company doesn’t provide quarterly reports, but it does typically release an annual report with financial figures in early April.