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Huawei hasn’t heard of recession. In 2008, the Shenzhen, China-based company posted an annual net profit of $1.15 billion, growing about 20% from the year before. In the process, however, they’ve lost $776 million, due to yuan’s gains against the dollar. That’s still impressive in the current economic conditions.
A majority of Huawei’s business came from outside China, suggesting carriers around the world are looking beyond their traditional suppliers such as Ericsson, Alcatel-Lucent and Nokia Siemens, in an effort to save few bucks here and there. As a proof, we have the cable provider Cox picking Huawei as one of the suppliers for its upcoming 700MHz network buildout.
As for this year, the tough times may be ahead for majority of companies — especially for those trying to sell their goods in Europe, but Huawei plans to grow at rate of 29%. Impressive, again!
[Via: Engadget Mobile]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
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