Ged Carroll

Huawei expansion into smartphone market

Published: (Updated: ) in business | 商業 | 상업 | ビジネス, china | 中國 | 중국 | 中華, gadget | 小工具 | 가제트 | ガジェット, innovation | 革新 | 독창성 | 改変, technology | 技術 | 기술 | テクノロジー, telecoms | 電信 | 통신 | テレコム, wireless | 無線 |무선 네트워크 | 無線 by .

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Huawei expansion into smartphone market has started to be reflected int their released their annual results for 2015 last week. By going through their press release library and annual reports I have tried to piece together a picture of their consumer business and how it has grown over time.

Huawei isn’t like other businesses you might be used to in terms of corporate structure. It is based around worker participation in profits with Chinese colleagues benefiting from profit share. It is a private company so it’s numbers don’t have the same level of disclosure requirements as public companies. It’s books are audited by a reputable accounting  firm.

I found some inconsistencies in the way information is disclosed. For a number of years Huawei used to quote US dollar equivalents to its numbers, but has stopped doing so in the 2015 report.

Other inconsistencies:

Between the currency fluctuations and the slight changes in information there may be some errors in my numbers – please bare this in mind.

I have outlined my charts below as JPEGs and have embedded a presentation at the bottom for convenience.
Consumer devices shipped
Consumer average revenue / device
Huawei consumer business growth over time

What does 2016 and beyond bring?
Overall sector outlook
Looking at forecasts from market analysts and The World Bank Huawei will experience tougher market conditions with lower growth forecast across major markets like China. Smartphone market maturity will mean lower exceptions of sector growth as well.
Macro economic data
As a presentation

160403 huawei device from Ged Carroll

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