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General

Huawei grows FY revenues 12%, profits halve

Monday 23 April 2012 | 14:36 CET | News
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Huawei reported revenues for 2011 up 11.7 percent to CNY 203.9 billion. Sales growth was led by its consumer division, where the company has been expanding beyond modems and routers to also sell smartphones and tablets. Consumer revenues rose 44.3 percent to CNY 44.6 billion, and the company shipped almost 150 million devices. The Enterprise business, where Huawei has been expanding in the past year, grew sales 57.1 percent to CNY 9.2 billion. Carrier network equipment remained its largest business, generating revenues of CNY 150.1 billion, up from CNY 145.8 billion in 2010. In its home

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Categories: General
Companies: Huawei China
Countries: China / World
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