http://www.blogcdn.com/www.engadget.com/media/2012/07/hw077242.jpg Huawei has announced some pretty respectable numbers for the year just passed, with the company taking $35.4 billion (CNY 220.2 billion) in revenue and turning that into $2.48 billion (CNY 15.4 billion) profit – both figures showing improvement over their 2011 counterparts. CFO Cathy Meng, daughter of Huawei’s founder, said that despite the money coming in, “smartphone penetration is still way too low and there is a lot of room for growth.” Meng also brought up the ongoing trust issues with the US, which she doesn’t expect to hamper growth. Huawei is certainly growing its international business regardless – 66% of overall revenue came from other regions. All we know is, Huawei has a growing presence at international trade shows like CES, and it undoubtedly will have more to share at the upcoming MWC, where we can only hope to hear more about that mouth-watering eight-core chip.
Filed under: Cellphones
Comments