Huawei’s consumer branch targets $16bn revenues for 2015

Targets for 2014 missed despite shipping 75m handsets

Tags: ChinaHuawei Technologies Company
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Huawei’s consumer branch targets $16bn revenues for 2015
By  Stephen McBride Published  January 27, 2015

China's Huawei today announced its consumer electronics unit would target annual revenues of $16bn for FY 2015, Reuters reported.

The division head, Richard Yu in December said his unit had shipped about 75m smartphones last year, which was a year-on-year increase of 40%, but still fell short of its 80m target.

Huawei is one of a number of Chinese vendors building cheaper smartphones to compete in both the premium and budget space.

Market leader Samsung has seen a gouging of its global market lead by cheaper handsets from Chinese rivals.

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