first tier smartphone vendor. In 3 to 5 years, Huawei sees revenue reaching $20 billion to $30 billion USD with operating profits in the range of $3 billion to 4 billion USD. The company's ultimate goal is to be one of the top three smartphone producers worldwide. During last year's fourth quarter, Huawei achieved its goal by having the third largest market share in the global market, according to IDC. But that is only one quarter and momentum needs to continue for Huawei's dream to come true.
Last month, we told you that the Chinese manufacturer has plans to overtake Apple and Samsung for the top spot in smartphone manufacturing. But now it seems that CEO Yu is being more realistic, at least for now. Being a company from China in the hi-tech business, rumors of the company being used as a conduit for spying has occured, and that type of sentiment explains why Huawei might never get past Apple or Samsung. But a third place finish should allow the company to give itself a long pat on the back.
source: tech.163.com (translated) via DigiTimes