Chinese phone giant celebrates as global profits soar 30 percent and device sales top 120m.
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Huawei today reported a net profit for 2010 of CNY 23.8 bn ($3.45bn) – up 30.0 percent from ’09.
Sales revenues also lifted almost 25 per cent, to $26.9bn and Net profit margin of 12.3 percent.
This was on the back of massive “expansion in overseas markets” including its Australian business which has soared. Oz sales orders jumped a massive 35 percent and revenues 29 percent y-o-y. And this growth was treble sales in its home country of China which rose 9.7 percent.
The telecom also just appointed Board of Directors for its Australia entity.
Last year it shipped 120 m devices globally- a rise of almost 25 percent. This included its first releases here to the lower end handset market which included the Ideos U8150 and the U8300.
Other Asia Pacific markets including Japan, Malaysia, and the Philippines also gained “strong momentum” it said today.
And has recently unleashed its Ideos X5 on Froyo 2.2 in Australia and is more than happy with its Google partnership, predicting Android will “become the world’s most used operating system by 2014.”
It also launched its first tablet to markets including here in December, the IDEOS S7, which it says was highly popular among consumers although failed to give specific sales numbers.
Huawei also said it’s strong growth was on the back of development of its Telecom Networks and Global Services divisions and deployed over 80 SingleRAN networks for operators, which Vodafone are using on its network revamp to kick off later this month.
It has also deployed 28 LTE networks, and is currently engaging in trials with Perth based VividWireless, which delivered speeds as high as 128 Mbps and consistent speeds between 40 – 70 Mbps, it announced said earlier this year.
“Operators continue to choose Huawei for our unique ability to transform their needs into customized, innovative, and flexible solutions that create maximum value for their business,” said Ken Hu, Deputy Chairman of Huawei Technologies.
Huawei, which is owned by its employees, is also looking to alter its management structure and will “adopt a market-oriented corporate governance structure as part of its growth strategy to evolve into a provider of integrated, end-to-end ICT solutions and services.”