Huawei reports its slowest annual growth since 2011

Chinese smartphone major Huawei's net profit grew just 0.4% last year, its slowest annual growth since 2011. Huawei, listed as the world's third smartphone maker after Apple and Samsung, said its net profit rose to $5.3 billion. Huawei exported 13.9 crore phones last year, up 29% from last year's shipments. However, it nearly missed its target of 14 crore deliveries.

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