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TCL Communications sees tough 2015, but device volumes grow

Full-year shipments of handsets and other products increased 9 per cent to 80 million units, with smart-device volumes growing by 7 per cent to 44.5 million units.

“TCL Communications, which offers devices using the Alcatel brand, said that global economic woes and foreign exchange issues impacted the prices and profit margins of its handsets in 2015. The company’s profit for the year of HK$1.06 billion ($136 million) was down 5 per cent, on revenue of HK$28.56 billion, which was down 7 per cent.”

Read More at Mobileworldlive