Huawei's revenues increase by 37 percent in 2015

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Huawei Logo (Image credit: Android Central)

Huawei has recorded revenue of ¥395 billion ($61.10 billion) in 2015, an increase of 37 percent from last year. Net profit increased 32 percent to ¥36.9 billion ($5.7 billion), with operating margins at 11.6 percent. The revenue increase represents Huawei's strongest growth since 2008, aided by the uptake of 4G in China and the vendor's momentum in the global smartphone segment.

Huawei's consumer devices business recorded a growth of 72.9 percent, with over 100 million shipments in 2015 allowing the manufacturer to edge out local rivals Lenovo and Xiaomi. The vendor's telecommunications unit also saw a healthy 21.4 percent increase.

With the P9 slated to debut later this month, it doesn't look like the vendor is going to let up anytime soon.

Harish Jonnalagadda
Harish Jonnalagadda
Senior Editor - Asia

Harish Jonnalagadda is Android Central's Senior Editor of Asia. In his current role, he oversees the site's coverage of Chinese phone brands, networking products, and AV gear. He has been testing phones for over a decade, and has extensive experience in mobile hardware and the global semiconductor industry. Contact him on Twitter at @chunkynerd.