Huawei to Cut One-Third of The Sales Target

Huawei’s vice executive president Xu Zhijun, pointed out a few days ago that the international community’s security problems hindered the development of Huawei’s market of the telecommunications equipment in the United States. Due to the stagnant business development of the operators, Huawei targets its next four years sales for 10 billion dollars, which is $ 5 billion less than the last year.
According to the assessment of the market situation, the target of $ 10 billion is more realistic. It would be very good if Huawei can reach $ 10 billion by the end of 2017.
The sales of Huawei selling equipment services to other telecom equipment operators occupy almost 75% of its total revenue. And in the meantime, Huawei consumer department mainly sells smartphones and Android tablets to end-users, and it has already stood out of the booming smartphone market to directly competing with those high-end brands such as Apple or Samsung.
Huawei expects its IT equipment and services which sold to those enterprises and telecommunications companies can be able to contribute the company $ 800 million to $ 1 billion in revenue this year.
Due to security issues, the United States, Canada and Australia do not allow Huawei to sell equipment to the U.S. telecommunications. Therefore, Huawei ‘s overseas development was slightly hampered. Last year, the U.S. House of Representatives Intelligence Committee released a report that U.S. telecommunications companies cannot trade with Huawei and ZTE.

 

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