china

Huawei announces unaudited 2013 earnings

If you want an idea of just how attractive China is to OEMs, look no further than Huawei. The company, which is almost wholly focussed on the Chinese market, announced their unaudited earnings for 2013 yesterday. Profits are way up, and their growth goals are right on target. This from a company that has withdrawn from the most lucrative market for consumer devices, and instead looks to an emerging China for answers.

Xiaomi sold 18.7 million handsets in 2013, almost double what they shipped in 2012

If you thought earnings from the likes of Samsung were impressive, we’d like to point you to Xiaomi. The Chinese carrier sold 18.7 million smartphones in 2013, a 160% increase form 2012. December alone saw the company selling 3.2 million handsets, helping to annihilate their aim of 15 million. While they don’t hold a candle to Samsung’s incredible dominance, it’s important to keep in mind Xiaomi is basically limited to China right now, and has only been in business since 2011.
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