Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 12 September 2013 12:08

Huawei sees more growth

Written by Nick Farrell

10 per cent over five years

Despite being shunned by the US over its imagined links to the Chinese government, Huawei appears to be getting stronger. The private company said on Wednesday it expected to grow its revenues by 10 percent annually over the next five years from the $35 billion it achieved in 2012.

Huawei's Vice President of Western Europe sales, Gaston Khoury said at a media presentation in Stockholm that this growth will come mainly from consumer devices and enterprise. Huawei, whose arch rival in mobile networks is Sweden's Ericsson, said this diversification would mean the share of carrier networks in its overall sales would fall from around 73 percent of the total in 2012 to around 60 percent in 2017.

The company made $18.59 billion in the first half of the year and that it was on track to increase revenues by 10 per cent in the full year 2013.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments