China’s Huawei 2014 Smartphone Revenue To Rise 30 Percent Year-On-Year: Memo

The smartphone division of Chinese telecoms firm Huawei Technology Co Ltd [HWT.UL] recorded $11.8 billion in revenues in 2014, a 30 percent year-on-year increase, according to an internal memo seen by Reuters.

The memo also said the division shipped about 75 million smartphones in 2014, a 40 percent year-on-year increase, but which lagged its target of 80 million units.

Source : Reuters