Reuters: Technology News: Huawei: consumer devices revenue to rise 30 percent next year

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Huawei: consumer devices revenue to rise 30 percent next year Sep 24th 2012, 08:45 SHENZHEN | Mon Sep 24, 2012 4:45am EDT SHENZHEN (Reuters) - China's Huawei Technologies Co Ltd, the world's second-largest telecom equipment maker and No.6 handset maker, expects revenue from its consumer devices unit to grow by about 30 percent next year from the $9 billion forecast for this year. Wan Biao, chief executive of Huawei Device, said in an interview on Monday at the company's headquarters in the southern city of Shenzhen that Huawei plans to launch Windows 8 smartphones later this year or early next year. "We're still in the mode of investing actively for the next 1-2 years, so it will be a big challenge to achieve high profitability," Wan said. "We expect our consumer devices division's revenues to increase by 30 percent next year, with smartphones growing at least 40 percent."

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