Huawei predicts 20% revenue rise for 2014

Huawei predicts 20% revenue rise for 2014

Huawei has announced that it is expecting global sales revenue rise of nearly 20% year-on-year to CNY287-289bn (£30bn) for 2014.

Mid-range and high-end hands helped the firm to a record revenue increase of around 32% year-on-year with strong growth in emerging markets.

Huawei said that its enterprise business had grown by around 27% with the company claiming that it now served more than 100 of the world’s top 500 firms.

The Chinese firm said that a steady increase in 3G investment and ‘the jump’ to 4G investments had been the main drivers of the carrier network segment of the business.

Recently, Huawei’s UK sales director Rhys Saunders told Mobile that the firm expected 4G’s impact to increase further in 2014.

Huawei's chief financial officer, Meng Wanzhou, said: ‘By 2025, the number of connections around the world is expected to exceed 100 billion with connectivity becoming ubiquitous, much like air and water. Ubiquitous connectivity and big data will drive a new industrial revolution in intelligent technology, propelling the modernization of traditional industries, and reshaping today's industries and business landscape.

‘The focus of industrial innovation will migrate from the consumer Internet to the industrial Internet. A Better Connected World is awaiting us. Anytime, anywhere connectivity will become the new norm.’


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