Huawei had a record year

Stefan Mileschin · 1st April 2016, 17:45

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, 17:45	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,462	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

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Air Force drones had a record number of crashes last year	Stefan Mileschin	WebNews	0	21st January 2016 17:34
2015 was the hottest year on record	Stefan Mileschin	WebNews	0	21st January 2016 16:56
Huawei P9 flagship smartphone rumored to arrive in March next year	Stefan Mileschin	WebNews	0	21st December 2015 18:12
Huawei Honor range tipped to launch in the US next year	Stefan Mileschin	WebNews	0	17th December 2015 06:18
Huawei made Nexus 7 (2016) rumored for next year	Stefan Mileschin	WebNews	0	3rd December 2015 06:42
Huawei Watch unlikely to debut in China this year	Stefan Mileschin	WebNews	0	17th June 2015 07:05
LG and Huawei are reportedly making Google's Nexus phones this year	Stefan Mileschin	WebNews	0	27th May 2015 10:26
Huawei’s secrets for the year are out, including Android Wear watch plans	Stefan Mileschin	WebNews	0	30th January 2015 07:14
Dell Reports Record Fiscal Year 2012	Stefan Mileschin	WebNews	0	22nd February 2012 07:27
Intel report record year with 11.7 billion dollar profit	jmke	WebNews	0	18th January 2011 13:23