Huawei smartphone growth slows in 2017, ships 153 million devices

Huawei announced that it shipped 153 million smartphones worldwide in 2017, up from 140 million in 2016 and 100 million in 2015. At the same time its revenues rose 15 percent to CNY 600 billion, the lowest sales growth in four years, CEO Ken Hu said in a memo to staff posted on WeChat. Growth in smartphone shipments slowed to just over 9 percent, from 40 percent in 2016. 

Huawei has grown to an around 10 percent share of the global smartphone market, according to the latest figures from IDC. It's nearing Apple with 12 percent, while Samsung still dominates with around a quarter of the market. Huawei is doing well thanks to its wide offer of phones for both cost-conscious buyers as well as high-end devices like the Mate series.