 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, ranked as the world's third smartphone maker behind Apple and Samsung, said its net profit rose to $5.3 billion. Huawei shipped 13.9 crore phones last year, up 29% from last year's shipments. However, it nearly missed its target of 14 crore shipments.