Huawei sales set to rise 34% year-on-year
By Li Weitao (China Daily)Updated: 2006-12-06 09:01
In the first half of this year, Huawei, based in Shenzhen, South China's Guangdong Province, recorded contract sales of US$5.2 billion, up 29 per cent year-on-year, the firm said.
Overseas sales during the period surged 36 per cent to US$3.4 billion, accounting for 65 per cent of its total contract sales.
Mobile phones are becoming a new driver fuelling the revenue growth of Huawei, one of China's rising technology stars.
By September, Huawei shipped more than 12 million wireless terminals including mobile phones and data cards, which are used to enable notebook PC users to connect to the mobile broadband Internet.
Company Vice-President Guo Ping expected the firm's shipment volume to hit 20 million units by the end of this year, double that in 2005.
"Our wireless terminal business is expected to generate US$1 billion this year," Guo, who is also president of Huawei's Terminals Business Unit, said on the sidelines of the ITU Telecom World 2006 in Hong Kong.
Huawei has mainly been focusing on the telecoms equipment business, but in recent years has stepped up efforts to crack the wireless terminal market by customizing handsets for leading global operators such as Vodafone, Telefonica, and Hong Kong's SmarTone and PCCW.
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