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OnePlus releases report for 2017, company sees explosive rise in revenue

Never settle. (Source: XDA-Developers)
Never settle. (Source: XDA-Developers)
OnePlus has released a report that points towards a significant growth in its sales numbers, with smartphone shipments seeing a 55% year-on-year growth and revenue said to have doubled.

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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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 01 > OnePlus releases report for 2017, company sees explosive rise in revenue
Ricci Rox, 2018-02- 1 (Update: 2018-02- 2)
Ricci Rox
Ricci Rox - News Editor - @riccirox
I'm a freelance copywriter who lives and dies for tech. Android, ​especially. The smartphone market is one going through an impressive growth spurt, so I crawl the Internet with keen interest in a technological ecosystem that doesn't seem to be slowing down anytime soon.