Huawei sales projected to touch USD 46 bn in 2014

The sales revenue of Chinese telecommunications major Huawei Technologies is projected to reach USD 46 billion in 2014, up 15 per cent from the previous year.
The strong performance was partly boosted by its terminal equipment sales, which is estimated to reach USD 11.8 billion in 2014, state-run Xinhua news agency reported today, quoting the company CEO Hu Houkun.
"In 2014, the ICT industry grew tremendously as 4G was rolled out worldwide. Technological innovations in cloud computing, Big Data, and the Internet of Things (IoT) accelerated, with smart devices connecting the lives of more and more people.
"We have seized these opportunities, continued to focus on our pipe strategy, streamlined management, and maintained effective growth. As a result, our sales revenue is expected to reach USD 46 billion in 2014, an increase of over 15 per cent year-on-year," Hu said in a New Year message.

Huawei's smartphone shipments in 2014 is estimated to rise by more than 40 per cent to 75 million, cementing Huawei's third place in the global smartphone market after Samsung and Apple.