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Huawei shrugs off US boycott

by on23 April 2013

Sales still rising

Huawei Technologies expects its networking equipment sales targeted at enterprises to rise to $10 billion by 2017, lower than an earlier target.

The figure is not bad considering the company faces being locked out of the US market, thanks to US paranoia about hardware spying. Eric Xu, Huawei executive vice president and one of its CEOs, told an analyst conference in Shenzhen, China if the company can achieve $10 billion sales by 2017, that will be good enough for him.

Huawei executives said last year that the company had set a target for enterprise sales of $15 billion by 2017. Huawei generates revenue mainly from three business groups. Its flagship carrier business sells equipment to telecom operators, while its consumer group sells handsets and tablets to end-users. Last year, the enterprise unit managed sales of $1.9 billion.

Xu also said on Tuesday that the company expects its IT business to generate between $800 million and $1 billion in revenue this year.

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