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