Huawei’s High Hopes for Handsets

Wan Biao, CEO of Huawei Device, has told Reuters he expects the company’s consumer device business to achieve revenue growth of 30 percent next year, while smartphone revenues are expected to grow by at least 40 percent.

That would put the Huawei Device unit’s 2013 revenue target at about US$11.7 billion, as the Chinese vendor has forecast its device sales to hit $9 billion this year. In 2011, Huawei’s device unit generated $6.9 billion in sales, about 22 percent of the company’s total revenues. (See Huawei, ZTE Look to Handsets for Growth.)

via Light Reading Mobile – Wireless Bits – Huawei’s High Hopes for Handsets.