Strong Smartphone Sales Help Drive Huawei Growth

X

Huawei expects its 2014 global sales revenue will stand at between 287-289 billion yuan (around $57-57.4 billion), representing an increase of nearly 20 per cent year-on-year, stating it had enjoyed particularly strong smartphone growth in emerging markets.Huawei’s chief financial officer Meng Wanzhou announced profits from Huawei’s main businesses are expected to reach 33.9-34.3 billion yuan, with a margin of 12 per cent, which is proportionately in line with 2013.

Huawei’s carrier network business revenue increased by approximately 15 per cent year-on-year, with Huawei attributing a steady increase in 3G investment and a jump in 4G investments worldwide as being the main drivers of growth.

Huawei’s enterprise business posted around 27 per cent growth, while its consumer business recorded a revenue increase of around 32 per cent year-on-year.

Huawei attributed the growth in its consumer business to higher sales of mid-range and high-end handsets within the global smartphone market.

Huawei will release its final audited financial results in March 2015.

Martin Logan 728 x 90 Strong Smartphone Sales Help Drive Huawei Growth
QUEEN 728x90 Strong Smartphone Sales Help Drive Huawei Growth
4SquareMedia 728x90 scaled Strong Smartphone Sales Help Drive Huawei Growth
728x90 Strong Smartphone Sales Help Drive Huawei Growth
Aspire Vero Banner Intel CCF 728x90 Strong Smartphone Sales Help Drive Huawei Growth
hitachi banner 728x90 Strong Smartphone Sales Help Drive Huawei Growth
3sixT GS24 EDM 728 x 90 px 02 Strong Smartphone Sales Help Drive Huawei Growth
Middleton 728x90px Product Strong Smartphone Sales Help Drive Huawei Growth
Leaderboard 728x90 Strong Smartphone Sales Help Drive Huawei Growth
728x90 Strong Smartphone Sales Help Drive Huawei Growth


YOU MAY ALSO LIKE