Huawei eyes steady revenue growth from consumer devices
September 24 , 2012
China's Huawei Technologies, the world's second biggest telecom equipment maker, expects revenue from its consumer devices unit to increase by 30 percent next year from the $9 billion forecast for this year.
Huawei also plans to launch smartphones using Microsoft's Windows 8 operating system later this year or early next year, according to Wan Biao, CEO of Huawei Device.
"We're still in the mode of investing actively for the next 1-2 years, so it will be a big challenge to achieve high profitability," Wan said. "We expect our consumer devices division's revenues to increase by 30 percent next year, with smartphones growing at least 40 percent."
Huawei, which has diversified into mobile phones, expects sales of its consumer devices to grow by around a third this year from $6.8 billion last year, with the business seen to hit sales of $30 billion in five years.
The company aims to ship more than 100 million mobile phones this year, including 60 million smartphones as it looks to boost its global market share.