Huawei's H1 sales gain 11%
Source: Agencies |
August 16, 2011, Tuesday
|
Print Edition
Print Edition
CHINA'S Huawei Technologies Co, the world's No. 2 network equipment maker, posted an 11 percent rise in its first-half sales as it closes in on market leader Ericsson.
Huawei faces a weak global economy due to United States and European debt woes that could hamper telecom spending worldwide.
However, it aims to rely more on sales of its MediaPad tablet PCs and smartphones to spur growth, pitting it against global names such as Apple and Samsung Electronics.
The Shenzhen-based company said it was on track to achieve annual sales of 199 billion yuan (US$31 billion) for this year, while Ericsson's sales may hit 227.6 billion Swedish krona (US$35 billion) this year, according to a consensus forecast by Thomson Reuters.
Analysts said even though there were global uncertainties, a pickup in spending by Chinese telecom carriers such as China Mobile, China Unicom and China Telecom, could help Huawei in the second half.
"Some of the major telecom projects in China that were planned for this year were delayed to the second half," said Kelvin Ho, an analyst at Yuanta Securities in Shanghai.
Huawei faces a weak global economy due to United States and European debt woes that could hamper telecom spending worldwide.
However, it aims to rely more on sales of its MediaPad tablet PCs and smartphones to spur growth, pitting it against global names such as Apple and Samsung Electronics.
The Shenzhen-based company said it was on track to achieve annual sales of 199 billion yuan (US$31 billion) for this year, while Ericsson's sales may hit 227.6 billion Swedish krona (US$35 billion) this year, according to a consensus forecast by Thomson Reuters.
Analysts said even though there were global uncertainties, a pickup in spending by Chinese telecom carriers such as China Mobile, China Unicom and China Telecom, could help Huawei in the second half.
"Some of the major telecom projects in China that were planned for this year were delayed to the second half," said Kelvin Ho, an analyst at Yuanta Securities in Shanghai.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
