Huawei expects to report $46 billion in revenue for last year

Huawei expects to report $46 billion in revenue for last year
Even though Huawei fell a bit short of its goal to ship 80 million smartphones in 2014, the company did increase its revenue by 15% to $46 billion. That information comes from CEO Ken Hu, who posted it on the company's website. Huawei, one of a number of Chinese smartphone manufacturers that has been growing by leaps and bounds, also is involved in the production and sales of networking equipment globally.

Huawei has an internal target, hoping to reach $70 billion in sales by 2018. To reach that goal, the company will have to score an annual revenue growth rate of 10%. It did surpass that growth figure in 2014, so Huawei is not setting an unrealistic goal.

As we reported last month, Huawei's smartphone sales rose by 33% last year, hitting a total of $11.8 billion. 75 million units were shipped, allowing the company to finish last year as the third largest smartphone manufacturer in the world. Samsung and Apple are both in front of Huawei, and hard-charging Xiaomi is right behind.

source: Reuters

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16 Comments

1. ProblemSolver15

Posts: 372; Member since: Jun 14, 2010

Good for them. It's always good to see new (ish) companies do well. Makes for great competition, thus we win as consumers.

3. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

Not in this case where the company mainly operates in Asia with very little competition. Lets see how it does brining its phones to hundreds of countries outside of Asia, with local warranties and support.

6. jdoee100

Posts: 334; Member since: Jun 04, 2013

PA might as well be Chinarena. Out of last 10 articles, there are 2 chinese smartphone articles, 2 apple articles, and of course, 0 Samsung related articles. Most Chinese smartphones aren't even available in US or most of world.... Is PA based in China or something??

8. SPASE

Posts: 257; Member since: May 03, 2013

There'll be plenty to read about Samsung and LG once their press conference starts.

9. vandroid

Posts: 405; Member since: Sep 04, 2012

Last 10 articles you say? Number 10 is an article about android 5 for Samsung phones....

10. Kruze

Posts: 1285; Member since: Dec 30, 2014

That's why you can't be an author, if this site has an awful author like you, this site will be doomed. News is news, when there's some news no matter which country it's from, you still have to report the news. Also, Huawei is one of the popular Chinese smartphone and telecommunications manufacturer, they're not just popular in some Asian countries, they're also popular in some European countries as well. Get your facts right.

13. jdoee100

Posts: 334; Member since: Jun 04, 2013

"That's why you can't be an author, if this site has an awful author like you, this site will be doomed," LOL, who said I wanted to be an author for this site or any site(especially this site, heck NO). "Huawei is one of the popular Chinese smartphone manufacturer," that's my point, most of their phones(almost all) are only sold in China. Huawei has little or no market share in Europe, Latin America, US, India,,,,did I leave anyone else out. Still, we are constantly getting bombarded with these phones that aren't available to most of its readers(unless you're Chinese or live in or near China). "they're also popular in some European countries," which European country would that be?? And what do you mean by "popular"? 1-3% market share if that. No get YOUR facts straight.

14. Ashoaib

Posts: 3269; Member since: Nov 15, 2013

come on dude... dont be jealous from chinese phones. I love chinese phones because of their pricing and I think many more people also like chinese phones.

16. jdoee100

Posts: 334; Member since: Jun 04, 2013

Jealous? lol "I think many more people also like chinese phones," maybe you're right or maybe not, we don't know because most of these Chinese phones are not available outside of China.

11. cezarepc

Posts: 718; Member since: Nov 23, 2012

Very little competition in Asia? I guess all US manufacturers + some Sub-$100 quad-core-phone-producing-small-time-manufacturers aren't competition.

4. hemedans

Posts: 746; Member since: Jun 01, 2013

more than 70% of huawei revenue come from network infrastructure business, and they have other business too. smartphone business contribute only portion of that revenue. and huawei is not new company,

12. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Huawei, Lenovo, Samsung are all giants with business other than Smart phone. They are focusing on smartphone because of the high profit margins it brings especially from 2008 to 2013. Now affordable low end and mid range made up the bulk of their sales. Next phase would be to cut down their number of phone model if there are no longer that high a profit margin for them.

2. SPASE

Posts: 257; Member since: May 03, 2013

Thats very impressive, works out to be around $575 a phone.

5. hemedans

Posts: 746; Member since: Jun 01, 2013

read source dont trust phonearena. that number is too big, even their flagship honor series are priced at $399 then how could they get that figure?

7. SPASE

Posts: 257; Member since: May 03, 2013

Yeh, that's what I thought too. Apparently the figures also include all communications devices and services including modems, routers etc etc

15. Ashoaib

Posts: 3269; Member since: Nov 15, 2013

xiaomi and meizu are better than huawei.

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