Date
11 December 2017

Huawei tops Ericsson in revenue for first time, paper says

Huawei Technologies Co. posted revenue of 239 billion yuan (US$38.44 billion) for 2013, up 8.5 percent, pushing it past Ericsson for the first time in the global networking and telecommunications equipment market, Shanghai Securities News reported Tuesday. Huawei made a net profit of 21 billion yuan for the year, up 34.4 percent from 2012. Senior executives expect Huawei’s revenue to double to 70 billion yuan by 2018, the report said.

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