Reuters reports that Chinese manufacturer Huawei has ambitions of
doubling up its record 2013 revenue by 2018. This is despite slowing
growth in its bread-and-butter mobile telephony business, and very low
penetration in the US market, where it has been flagged as a potential
espionage threat by government officials.
Huawei is coming off a hugely successful 2013 campaign, where it was able to become the third largest smartphone manufacturer thanks to competitive low-cost smartphones in emerging markets, and high-end offerings like the Ascend P6 for more established economies.
This resulted in a whopping 34% increase in profit growth in 2013, and elevated the company as the third largest global smartphone manufacturer behind Samsung and Apple.
This year, Huawei plans on growth not only from its consumer smartphone and enterprise divisions, but also thanks to its carrier network business as more Chinese carriers plan on laying out 4G networks.
Huawei's ambitious announcement comes in spite of increasing espionage allegations from US lawmakers due to the company's affiliations with China's People's Liberation Army. Late last year, Huawei CEO and former PLA major Ren Zhengfei announced that the company plans on withdrawing from the US market due to the aforementioned accusations.
It's undoubtedly a lofty goal, especially if the company plans on turning its back on the second largest global smartphone market.
Well, Huawei has been progessing rather well lately, and they are expected to be near Samsung the next year.
Stay Tuned.
Hamza Sadiq, Owner.
Huawei is coming off a hugely successful 2013 campaign, where it was able to become the third largest smartphone manufacturer thanks to competitive low-cost smartphones in emerging markets, and high-end offerings like the Ascend P6 for more established economies.
This resulted in a whopping 34% increase in profit growth in 2013, and elevated the company as the third largest global smartphone manufacturer behind Samsung and Apple.
This year, Huawei plans on growth not only from its consumer smartphone and enterprise divisions, but also thanks to its carrier network business as more Chinese carriers plan on laying out 4G networks.
Huawei's ambitious announcement comes in spite of increasing espionage allegations from US lawmakers due to the company's affiliations with China's People's Liberation Army. Late last year, Huawei CEO and former PLA major Ren Zhengfei announced that the company plans on withdrawing from the US market due to the aforementioned accusations.
It's undoubtedly a lofty goal, especially if the company plans on turning its back on the second largest global smartphone market.
Well, Huawei has been progessing rather well lately, and they are expected to be near Samsung the next year.
Stay Tuned.
Hamza Sadiq, Owner.
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