Huawei says 2014 sales revenue to rise 15% to $ 46 b

Tuesday, 6 January 2015 00:10 - - {{hitsCtrl.values.hits}}

Reuters: 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% to $46 billion, 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 by 2018, or annual growth of about 10% a year. Huawei’s smartphone shipments rose by more than 40% 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.