Domestic sales boost up Huawei’s revenue

www.WirelessFederation.com/news: Despite unfavorable market conditions, revenue of USD 30 billion has been achieved by Chinese telecommunications equipment maker Huawei Technologies in 2009. 28.8 percent rise in sales and 26.5 percent rise in profits were recorded last year.

The rise in the revenue has been attributed to domestic market sales, mostly due to the telecommunications companies’ investments in 3G. 46.5 percent of total revenues were due to domestic revenues, up from about 25 percent in 2008. Overseas revenues accounted for 53.5 percent of the total. USD 36 billion revenue has been expected by Huawei this year.