Huawei two thousand fifteen Profit Jumps thirty-two % on Smartphone Demand

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Source:   —  April 01, 2016, at 6:46 AM

Huawei Technologies Ltd. said Friday it earned 36.9 billion yuan ($5.7 billion) on global income of three hundred ninety-five billion yuan ($60.8 billion). Huawei, the first Chinese company to crack into the top ranks of global technology providers, is privately held but releases annual results in an attempt to ease concern in the United States and some other countries that it might be a security risk.

Chinese telecoms equipment maker Huawei says its two thousand fifteen profit jumped thirty-two % on powerful sales of smartphones and switching gear for wireless networks.

Huawei Technologies Ltd. said Friday it earned 36.9 billion yuan ($5.7 billion) on global income of three hundred ninety-five billion yuan ($60.8 billion).

Huawei, the first Chinese company to crack into the top ranks of global technology providers, is privately held but releases annual results in an attempt to ease concern in the United States and some other countries that it might be a security risk.

The company, based in the southern Chinese city of Shenzhen, said sales of smartphones and other consumer technology rose seventy-three % to 129.1 billion yuan ($19.9 billion).

Sales of network gear to carriers rose twenty-one % to 232.3 billion yuan ($35.8 billion).

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