Huawei $46 Billion In Sales Revenue Highlights Growing Boom Of Chinese Companies In Smartphone Wars

The Chinese telecommunications-equipment company Huawei Technologies Co. Ltd. anticipates its already impressive annual revenue to continue growing, according to a new year's message from CEO Ken Hu cited by Reuters. Because of advances in cloud computing and higher demand for smart devices, the firm expects to have booked $46 billion in sales last year, a boost of 15 percent year over year.