Huawei expects jump in 2012 revenue, and may have overtaken Ericsson
While Ericsson has yet to reveal its full-year figures for 2012 (they are expected at the end of January), data already published by Huawei could see it bypassing the Swedish manufacturer on the basis of total group sales, according to Investment Europe. Huawei’s acting CEO Guo Ping said that revenue is expected to exceed $35bn for 2012 and net profit will hit $2.4bn, both up more than 10 per cent year-over-year.
A direct comparison between Ericsson’s revenue and Huawei’s is not entirely fair, however, since Huawei has a large and growing mobile devices business while Ericsson no longer recognises any significant revenue from mobile device sales. Huawei was the sixth-largest handset maker in the world in the third quarter of 2012, according to ABI Research.
FierceWirelessEurope: Huawei expects jump in 2012 revenue, and may have overtaken Ericsson; TelecomTV content partner.