Huawei blames smartphones for its slowing profit growth

In a market which values growth over market share, even just the slowdown of a company's expansion can be somewhat bad news. Such is the case with Huawei, the Chinese telecommunications equipment and smartphone maker, whose recent successes in the mobile phone industry have apparently lowered the company's profit growth for 2016.

This analysis comes directly from Huawei, whose chief executive stated in a press conference that the company, as well as the industry as a whole, has faced financial troubles in the past year, a fact which can be attributed ...