Huawei predicts 29% growth in 2009

Huawei, as it looks to expand both into the smartphone market and in North America in 2009, is predicted to grow around 29 percent in the next year, buoyed by potential growth in China.

The Chinese equipment maker said that its contract sales in 2008 totaled $23.3 billion, and that it expects sales in 2009 to rise to $30 billion, an increase of 28.8 percent. The numbers were first reported in the Chinese media, including in the China Daily, which cited an internal email sent to Huawei's employees by the company's chairwoman, Sun Yafang.

The prediction, certainly a robust one, may be based on the fact that China recently decided to award 3G CDMA technology licenses to the country's largest mobile operators, among other factors. Huawei has indicated that it would also like to break into the smartphone market in 2009 by producing Symbian and Android-based phones.

For more:
- see this article

Related Articles:
Huawei to make Symbian, Android smartphones in 2009
Huawei gearing up for North American expansion

Suggested Articles

FCC Chairman Ajit Pai spoke to major voice and broadband providers, including AT&T, T-Mobile, and Verizon for an update on network performance.

Meanwhile, multiple countries have now postponed planned 5G spectrum auctions.

Top in-flight connectivity trends that are fueling the business aviation market in 2020