Strong Smartphone Sales Help Drive Huawei Growth

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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.

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