OnePlus releases report for 2017, company sees explosive rise in revenue
OnePlus had a, well, eventful 2017. The company was linked to a number of scandals over the past year, with issues with inverted displays, credit card breaches, and an emergency number dialing bug being some of the major talking points. The business arm of the company is still going strong, though, as the company has released an annual report that shows a impressive year-on-year growth in sales.
According to the report, the company recorded a massive US$1.4 billion in revenue, supposedly double of its 2016 figure. That's impressive, considering the fact that the company only released two new smartphones in 2017. The report also claims that the brand has a user base of over a million, with smartphone shipments rising by 55%, across the 32 countries where OnePlus devices are sold.
All of these are praise-worthy, all things considered. The company's $1.4 billion in revenue isn't much worse than HTC (US$2.1 billion), but still below fellow Chinese OEM Meizu (US$3.1 billion), and far behind major players like Xiaomi. The company is one that has found an accommodating space in the budget flagship niche—it may have its issues, but it's indubitable that in the value for money department, there aren't many OEMs that give OnePlus a run for its money.
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