In 2015, Huawei achieved significant results from its focus on the pipe strategy. The company achieved sustainable growth in the carrier, enterprise, and consumer businesses. Its annual revenue totaled CNY395,009 million, a 37.1% increase over the previous year.
- Thanks to carriers’ massive 4G network rollouts, explosive growth in the smartphone sector, and the increased expertise of the Enterprise BG on industry solutions, Huawei earned CNY167,690 million in revenue in the Chinese market, up 54.3% year-on-year.
- Rapid growth in wireless and fixed networks and increased share in the smartphone market yielded CNY128,016 million for Huawei in Europe, the Middle East, and Africa (EMEA), marking a 27.2% increase in revenue over 2014.
- Due in large part to infrastructure build-out in markets such as India, the Philippines, and Thailand, Huawei maintained its momentum in the Asia Pacific Region to achieve CNY50,527 million in revenue, up 19.1% year-on-year.
- In the Americas, carriers in Mexico, Argentina, Peru, and other countries increased their investment in communications networks. Huawei’s smartphone business also grew rapidly in the US market. These factors enabled Huawei to earn CNY38,976 million in revenue from this region, up 26.4% over 2014.
Over the next three to five years, Huawei’s revenue is estimated to grow at a CAGR of over 10%.
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