Date
26 September 2017
Huawei expects the world to have 8 billion smartphone users by 2025. Photo: Xinhua
Huawei expects the world to have 8 billion smartphone users by 2025. Photo: Xinhua

Huawei sees Internet of Things at company core

“Interfaces” to the Internet of things (IoT) — and not content or messaging services — will be at the core of Huawei Technologies Co. Ltd.’s business strategy, the Hong Kong Economic Journal reported Thursday, citing the tech firm’s acting chief executive, Eric Xu.

Addressing analysts at an annual global conference in Shenzhen Wednesday, Xu said that by the second half of next year the company will focus on developing IoT links such as systems to connect cars to manufacturers.

He said that in terms of the communications business, which accounts for 70 percent of the group’s total revenue, Huawei will concentrate on the 4G LTE network, aiming for 17 percent growth in the sector this year.

The group also plans to speed up construction of data centers that adapt to the changing storage, network and power usage needs of clients as the global number of smartphone users grows to 8 billion and the number of devices linked to the internet rises to 100 billion by 2025. 

Xu also said an executive board will replace the rotating chief executive regime that the group adopted in 2012.

Huawei generated 239.03 billion yuan (US$38.32 billion) in income last year, surpassing Sony Ericsson to be the world’s biggest maker of telecommunications equipment.

– Contact HKEJ at [email protected]

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