Xiaomi may be the most talked about Chinese smartphone manufacturer of 2014, but plenty of other companies in the country are worth noting as well. One of these companies is Huawei, which managed to sell more than 75 million smartphones this year and pulled in almost $12 billion in revenue. As impressive as this is, it’s still 5 million short of the company’s goal for 2014.
Huawei Technology Co Ltd’s smartphone sales rose by almost a third to $11.8 billion in 2014, according to an internal memo seen by Reuters, showing the Chinese telecoms firm’s continued ascent in the global handset wars. The division shipped about 75 million smartphones in 2014, according to the year-end memo to employees sent by Richard Yu, the head of Huawei’s consumer business. Although that represented a more than 40 percent year-on-year increase, the figure lagged behind Huawei’s previously stated sales target of 80 million units. Huawei spokeswoman Maggie Qi said the company does not comment on internal memos. The results, which are due to be publicly announced in the coming weeks, reaffirm Huawei’s place among a small coterie of rising smartphone makers, including Xiaomi Inc and LG Electronics, whose growth rates are eclipsing those of industry leaders.