About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Tuesday, January 2, 2018

Huawei Reports Slowing Growth

Huawei estimates its group revenue increased 15% in 2017 to 600 billion Chinese yuan (91.2 billion US dollars), which would mean last year saw the company’s slowest growth since 2013. It reported a 10% increase in mobile phone shipments in 2017 to 153 million units.

In a statement, Huawei rotating CEO Ken Hu, said: “As a global player, we need to be patient and persistent, demonstrating our value and contribution one quiet step at a time. We need to earn trust, continue to improve, and cultivate a receptive business environment that can support business development on a whole new level: not just 100 billion dollars, but revenues of hundreds of billions of dollars and beyond.” Source: Mobile World Live article.
WHERE WE'RE HEADED: TELECOMS TRENDS AROUND THE WORLD: SUBSCRIBE HERE