China's Huawei plans major push into Japan by 2017


  • TECH
  • Friday, 06 Jun 2014

BIG PUSH: China's Huawei Technologies Co Ltd, the world's second-largest telecommunications equipment provider, said on Friday it is planning a big push into corporate Japan as it targets 2017 sales 15 times higher than last year's. — Reuters

BEIJING: China's Huawei Technologies Co Ltd, the world's second-largest telecommunications equipment provider, said on Friday it is planning a big push into corporate Japan as it targets 2017 sales 15 times higher than last year's. 

Huawei said its goal is revenues of ¥50bil (RM1.57bil) from sales of IT equipment to Japanese corporate customers in fiscal 2017, using competitive pricing to win orders from large firms. 

Even so, this would still account for a fraction of Huawei's total sales. Revenues for 2013 were ¥239bil (RM7.51bil), while net profits were ¥21bil (RM660.02mil). 

The Asia-Pacific region, which includes Japan, was Huawei's second-smallest market by revenue and second-slowest growth market after America in 2013. Asia Pacific revenues accounted for 16% of Huawei's total sales last year. — Reuters  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In Tech News

Verizon loses more-than-expected wireless subscribers
Indians turn to Twitter for help amid the despair of the country’s Covid crisis
EU aims to set global standards for AI, fines for violations
Takeaway CEO shrugs off news Uber Eats to enter Germany
Robots to fan out across world's oceans to monitor their health
Stellantis scraps digital speedometers for Peugeot car in chips shortage
Instagram lets users filter insults in private message requests
Deutsche Boerse to de-list Coinbase from Xetra and Frankfurt trade
Watch this space: Volatility is bitcoin's main attraction: Raoul Pal
How a sweetheart deal gives GameStop CEO a $179 million goodbye gift

Stories You'll Enjoy


Vouchers