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Huawei Expects 2015 Revenues of $60B

Ray Le Maistre
12/31/2015

Huawei expects to report full year revenues of 390 billion yuan renminbi (US$60.1 billion), a staggering year-on-year increase of more than 35%.

The news came in a letter to Huawei Technologies Co. Ltd. staff from current acting CEO Guo Ping. You can read the letter here.

No further financial details were given: A full audited annual report is usually issued each March.

In 2014, Huawei reported full-year revenues sales of RMB288.2 billion, a year-on-year increase of 21%. (See Huawei Profits Soar on 4G, Smartphone Sales.)

Huawei has managed to maintain high levels of revenue growth in recent years by expanding aggressively into the smartphone and enterprise technology and support services sectors, as well as expanding its carrier network sales in emerging markets and in China, where the three main operators have all been investing heavily in 4G and transport network systems.

— Ray Le Maistre, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profile, Editor-in-Chief, Light Reading

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rgrutza600
rgrutza600
1/5/2016 | 8:56:11 AM
Re: How much from SMARTPHONES?
Found the answer:

Huawei's consumer business group, which consists mainly of mobile phones, expects to have generated more than $20 billion in revenue for 2015, said Richard Yu, the head of the business group, in a New Year letter to employees that was reviewed by The Wall Street Journal.
danielcawrey
danielcawrey
1/4/2016 | 12:35:25 PM
Re: Finally bigger than Ericsson?
While most people aren't familiar with Huawei, it's possible with the company's move into smartphones they will be very soon. 

Even though the main business for Huawei has been networking, smartphones offer the company a way into consumer homes. This could set up for the company to be a smart home and consumer products player over time. 
mhui0
mhui0
1/3/2016 | 8:34:38 PM
Re: How much from SMARTPHONES?
Good point. Neither Juniper nor Cisco sell smartphones.
rgrutza600
rgrutza600
1/2/2016 | 7:42:58 PM
How much from SMARTPHONES?
They are number three in smartphone sales.  Subracting that number would be helpful to understand their TELECOMM size.
Steve Saunders
Steve Saunders
1/2/2016 | 10:48:15 AM
Re: Finally bigger than Ericsson?
LR has formally named Huawei as one of the four big winners, so some of us get it. Ray - you didn't mention Africa.... Huawei is in a war there with Ericsson
thebulk
thebulk
12/31/2015 | 10:13:12 PM
Re: Finally bigger than Ericsson?
They are a massive company, and do very, very well. But I still think they are a long way from winning anything. 
DHagar
DHagar
12/31/2015 | 7:46:02 PM
Re: Finally bigger than Ericsson?
sowen557, if they don't they will look dumb!  This is the most incredible focused and successful business model yet - which is why they are winning.

Ray, the letter is an excellent model of vision for the future, with a clear focus on connecting developing components and building an effective platform.  That, along with the leadership to drive performance, positions Huawei and a "sustainable" world leader.  This should be a model for effective companies and leadership today.

Thanks for such a great blog!

 
sowen557
sowen557
12/31/2015 | 1:48:00 PM
Finally bigger than Ericsson?
Will the media admit Huawei have won?
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