Huawei sees profit drop 53% in 2011 ahead of smartphone push
04/23, 8:30pm
Huawei saved mostly by smartphone, tablet pushes
Huawei on Monday said that its profit had tumbled 53 percent in 2011. The company made the equivalent or $1.8 billion and primarily blamed a tough world economy and resulting currency shifts. Most of its 2011 sales were buoyed by its home device group, whose modems, smartphones, and tablets saw revenue jump 44.3 percent; about 20 million were smartphones.
