Home
Mobiles
Mobiles News
Huawei Says 2014 Sales Revenue to Rise 15 Percent to $46 Billion

Huawei Says 2014 Sales Revenue to Rise 15 Percent to $46 Billion

By Reuters | Updated: 5 January 2015 10:52 IST

Click Here to Add Gadgets360 As A Trusted Source

Chinese telecoms equipment maker Huawei Technologies expects advances in cloud computing and higher demand for smart devices to have lifted 2014 sales revenue by 15 percent to $46 billion (roughly Rs. 2,90,950 crores), CEO Ken Hu said in a new year's message on the company's website.

The Shenzhen-based company, for which three executives share CEO duties in six-month rotation, had said last year that it will achieve sustainable growth in 2014. It had also targeted revenue of $70 billion (roughly Rs. 4,42,750 crores) by 2018, or annual growth of about 10 percent a year.

Huawei's smartphone shipments rose by more than 40 percent last year, according to an internal memo seen by Reuters, failing to match its own target and the performance of faster-growing rivals such as Xiaomi.

© Thomson Reuters 2015

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.