China's Huawei says expects 2017 revenue up 15 percent to $92 billion

Reuters News
Posted: Dec 28, 2017 10:32 PM

By Sijia Jiang

HONG KONG (Reuters) - China's Huawei Technologies Co Ltd [HWT.UL] expects 2017 revenue to rise 15 percent to 600 billion yuan ($92.08 billion), its rotating chief executive, Ken Hu, said in a New Year's message to staff posted on its official WeChat account on Friday.

That would make it the slowest revenue growth in four years for Huawei, the world's third-largest smartphone maker after Samsung Electronics Co Ltd and Apple Inc.

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Hu also said Huawei's smartphone shipments in 2017 totaled 153 million units and its global market share surpassed 10 percent.

(Reporting by Sijia Jiang)