consumer group

Chinese vendor Huawei has set the ambitious targets of shipping 140 million smartphones this year – up 30 per cent from 2015 – and revenue from its smartphone range hitting $40 billion in 2018.

LIVE FROM HUAWEI GLOBAL ANALYST SUMMIT 2016, SHENZHEN: Huawei emphasised its goal of becoming a top-tier consumer mobile device brand, while acknowledging that this will be no easy task.

Huawei is expecting an operating profit of CNY33. 9-34. 3 billion ($5. 52-5. 59 billion) for 2014 – an increase of almost 18 per cent over 2013. Growth in the vendor’s smartphone sales and 3G/4G network deals fuelled the results.