Huawei had a record year

Stefan Mileschin · 1st April 2016, 18:45

China’s Huawei posted its biggest annual revenue growth since 2008, thanks mostly to China’s adoption of fourth-generation (4G) mobile technology.

Huawei, which is one of the world’s largest telecom equipment makers, said total revenues rose 37 percent to $61.10 billion in 2015, slightly above forecasts.

It said that it expects revenue to increase to $75 billion this year, which implies the growth rate will slow to 23 percent.

The company had in early 2014 targeted overall revenue of $70 billion by 2018, which translated to growth of roughly 10 percent.

Huawei forecast 2016 revenue of $30 billion for the consumer devices business, which was its fastest growing division and second-biggest revenue generator last year.

However this means that revenue growth in the business will slow down to about 51 percent in 2016 from about 73 percent in 2015.

http://www.techeye.net/business/huaw...-a-record-year

1st April 2016, 18:45	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Huawei had a record year China’s Huawei posted its biggest annual revenue growth since 2008, thanks mostly to China’s adoption of fourth-generation (4G) mobile technology. Huawei, which is one of the world’s largest telecom equipment makers, said total revenues rose 37 percent to $61.10 billion in 2015, slightly above forecasts. It said that it expects revenue to increase to $75 billion this year, which implies the growth rate will slow to 23 percent. The company had in early 2014 targeted overall revenue of $70 billion by 2018, which translated to growth of roughly 10 percent. Huawei forecast 2016 revenue of $30 billion for the consumer devices business, which was its fastest growing division and second-biggest revenue generator last year. However this means that revenue growth in the business will slow down to about 51 percent in 2016 from about 73 percent in 2015. http://www.techeye.net/business/huaw...-a-record-year

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