huawei picture

Huawei Posts Record Revenue, Profit For 2014

Comments Off on Huawei Posts Record Revenue, Profit For 2014 6

Huawei has reported record revenue and profit for 2014, as the company benefited from strong demand for smartphones and 4G technology.

The vendor grew its group net profit by 32.7% to 27.9 billion yuan ($4.5 billion), on the back of a 20.6% increase in group revenue to 288.2 billion yuan.

Revenue from Huawei’s core carrier business group increased by 16.4% to 192.1 billion yuan, with a strong contribution from 4G and other mobile broadband network rollouts worldwide.

Consumer business group sales meanwhile  rose 32.6% to 75.1 billion yuan due to growing consumer demand for smartphones, particularly in emerging markets.

Broken down by region, Huawei earned 52.5% of its revenue from APAC, including 37.8% from China. EMEA accounted for 35% and the Americas made up the remaining 10.7%. Original post at Telecom Asia

Tagged with: ,
Wahengbam Rorrkychand

View all contributions by Wahengbam Rorrkychand


Similar articles

Get in Touch

Phone: +91 80 4093 6921