Coolpad grows 2013 profits by 7%

Friday 21 March 2014 | 01:56 CET | News
Chinese mobile device Coolpad Group (formerly China Wireless) saw its 2013 profits go up 7.1 percent to HKD 348.55 million. Revenues were HKD 19.62 billion, up 36.4 percent from HKD 14.39 billion in 2012, driven by the strong increase in the sales of the group's 3G Coolpad smartphone in China. Apart from 3G smartphones, Coolpad also launched 4G smartphones in 2013 in China. The percentage of revenue generated from the sales of 4G smartphones decreased from 8.6 percent in 2012 to 2.6 percent in 2013  due to the corporate restructuring of a major customer in the USA. Wireless application

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Categories: Mobile & Wireless
Companies: Coolpad
Countries: China
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