Chinese telecoms equipment major Huawei Technologies estimates that its sales may have risen 15 percent last year on the back of advances in cloud computing and higher demand for smart devices, Reuters reported over the weekend.
Chief executive Ken Hu was quoted as saying in a new year’s message on the company’s website that annual sales could come in at about US$46 billion.
The Shenzhen-based firm had said last year that it will achieve sustainable growth in 2014. It had also targeted revenue of US$70 billion by 2018, or annual growth of about 10 percent a year.
Huawei’s smartphone shipments rose by more than 40 percent last year to 75 million units, according to an internal memo seen by Reuters.
The growth, while robust, however fell short of the company’s own target and the performance of faster-growing rivals such as Xiaomi, the report said.
Huawei had earlier outlined a sales target of 80 million units for 2014.
Smartphone revenue is said to have increased by around 33 percent to over US$11.8 billion last year.
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