Around the Net

Huawei Suffers Profit Slowdown

Huawei’s consumer business group made just $2 billion in profit, last year -- $2.2 billion in 2015 -- Android Authority writes, citing a report in The Information. “Not only is this well bellow the $2.5 billion the company was shooting for, but it also begs the question: how do you sell more phones but make less money?” AA asks of the Chinese smartphone giant. “In 2016, the Huawei consumer business unit’s revenue increased by 42 percent to $26 billion, indicating that while revenue increased dramatically, expenses increased even more so.”

Read the whole story at Android Authority »

Next story loading loading..