Huawei sees strong rise in profit for 2017, despite U.S. opposition

huawei p20 pro 29
Andy Boxall/Digital Trends

Following a lackluster 2016, Huawei’s star is on the rise, with the Chinese tech company enjoying a strong increase in sales over 2017.

2017 was a rollercoaster of a year for Huawei. The Mate 10 Pro was one of our favorite phones of the year, packing an amazing camera and exceptional battery life. The Chinese company also came third in overall smartphone sales for the last part of the year. Despite those victories, it has been continually hampered by an inability to break into the U.S. market, culminating in various U.S. carriers and retailers cutting ties with Huawei in early 2018, following paranoia over links to the Chinese government.

But is Huawei having the last laugh? The company’s profits rose 28.1 percent throughout 2017, taking the total profit to a very respectable 47.5 billion yuan ($7.3 billion). This comes in contrast to a slow period of growth in 2016, in which the company post an increase of just 0.4 percent.

The company also revealed it sold 153 million smartphones worldwide last year, and overall revenue rose to 603.6 billion yuan ($96.1 billion), a 15.7 percent rise on 2016. This growth seems mostly driven by the consumer side of the business, where revenues rose 237.2 billion yuan ($37.8 billion) — an increase of 31.9 percent on 2016.

Huawei looks set to capitalize on these gains by taking a hold of new tech as it emerges, and has increased funding for its research and development wing by 17.4 percent, pumping 89.7 billion yuan ($14.3 billion) into the next generation of mobile internet and other new technologies.

Huawei has recently launched its newest range of smartphones in the Huawei P20 and P20 Pro, and you can read our first thoughts on the P20 Pro. It comes with a world-first of three rear-mounted camera lenses, with incredible camera tech that recently earned it DxOMark’s highest ever camera rating on a smartphone. We’ll have to wait a bit longer to get an in-depth rundown of how well the rest of the phone fares, but based on the strong initial reception, Huawei may have introduced another winner. Unfortunately, you’ll struggle to get hold of it in the U.S., thanks to Best Buy backing off from Huawei’s phones, and U.S. carriers refusing to stock it.

Based are these U.S. companies shooting themselves in the foot? It seems U.S. consumers are the ones missing out the most.

Home Theater

Tipping point? Streaming subscribers outnumbered cable in 2018 for first time

2018 was a very good year for the entertainment business as a whole, but it was especially good for streaming companies like Netflix and Amazon, says a new report by the Motion Picture Association of America.

5G's arrival is transforming tech. Here's everything you need to know to keep up

It has been years in the making, but 5G is finally becoming a reality. While 5G coverage is still extremely limited, expect to see it expand in 2019. Not sure what 5G even is? Here's everything you need to know.

The Samsung Galaxy S10 5G might be a few short weeks away from launch

Samsung has announced a whopping four new Galaxy S10 devices, from the low-cost S10e to the triple-camera S10 and S10 Plus. But it's the Galaxy S10 5G that steals the show as it's among the first 5G-ready smartphones to hit the market.

Does this video show off the Huawei P30 Pro's impressive camera suite?

The Huawei P30 Pro will be announced on March 26. It has already started to leak ahead of this date, and expectations are high that the company will improve even further on the P20 Pro's camera.

Fossil is working on a smartwatch with BMW, and it’s coming next year

Fossil, the watch company that makes smartwatches under its own name and partners with other major brands too, intends to launch a smartwatch with car manufacturer BMW in the future.
Social Media

A Facebook, Instagram bug exposed millions of passwords to its employees

Facebook, Facebook Lite, and Instagram passwords weren't properly encrypted and could be viewed by employees, the company said Thursday. The network estimates millions of users were affected.

Diesel’s denim-inspired smartwatch straps are a casual, colorful must-own

Diesel will release two new versions of the On Full Guard 2.5 smartwatch later this year, with seriously cool, denim-inspired straps in classic Diesel colors. We tried them on at the Baselworld 2019 show.
Movies & TV

Apple’s next big event is set for March 25: Here’s what you can expect

Apple's next big event takes place on March 25 in Cupertino, California. The company is expected to make several announcements related to its services, including Apple TV, so follow our guide to get ready for the big event.

Tips and tricks to get you started with your new Fitbit Inspire HR

The Inspire HR may be an entry-level fitness tracker in Fitbit's lineup, but the device still has plenty of features to explore. These are our favorite tips and tricks to help you use the Inspire HR to its fullest potential.

How three simple words could be the difference between life and death

What3Words’ app-based address system gives a three-word code to every three-meter-square patch on the planet, with its accuracy and ease of use now catching the attention of first responders in the U.K.

The Moto G7 Power, with its massive battery, is now available for purchase

After a number of leaks and rumors, the Motorola Moto G7, Moto G7 Play, and Moto G7 Power are finally here. The devices represent quite a spec bump over the previous-generation Moto G6 phones, yet still come at a reasonable price.

Got gadgets galore? Keep them charged up with the 10 best USB-C cables

We're glad to see that USB-C is quickly becoming the norm. That's why we've rounded up some of the better USB-C cables on the market, whether you're looking to charge or sync your smartphone. We've got USB-C to USB-C and USB-C to USB-A.

Get ready to say goodbye to some IFTTT support in Gmail by March 31

If This Then That, the popular automation service, will drop some of its support for Gmail by March 31. The decision comes as a response to security concerns and is aimed to protect user data.

This is the easiest way to save your iPhone data to your computer

Living in fear of losing your contacts, photos, messages, and notes on your iPhone? Fear no more -- in this guide, we'll break down exactly how to back up your iPhone to your computer using Apple's iTunes or to the cloud with iCloud.