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The industry do not against the innovation, but the innovation have to be aligned with the business requirement, strategic target, not for sake of innovation.
Huawei is a very good company to combine the proper technology and the cost/operation model. it's revenue model is not to the breed. but the best operation model and special deal with the developing country fueling the growth the company.
Huawei is trying to catch the latest technology in mobile, but trying to achieve the best return of investment in other industry like, routing, switch, fix network, optical, and even storage.
Hopefull this post will trigue some interest discussion regarding how to make money in the so called innovative telecommunication industry.