LG and Sony are still bleeding, as Huawei keeps surging forward

It is no news now that mobile makers, LG and Sony, have not had good sales and profits in years. Their latest annual reports tell us that this is still the situation till date. Both brands have recorded lower sales year-on-year. Huawei, on the other hand, seems unstoppable.

LG reported a 21.3% drop in sales year-on-year, as against Sony’s 15% drop in sales for the same period. Both companies are looking to turn the tide.

On the other side of the spectrum is Huawei, the juggernaut that seems to be unstoppable. The Chinese brand reported a 24% increase in smartphone shipments compared to the same time last year, with a 23% increase in revenue.

References

  1. LG financial reports.
  2. Sony financial reports.
  3. Huawei financial reports.

That motivated, gadget-loving geeky chic who tries to stay on top of things.

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