Huawei Technologies Ltd. looks to have captured the No. 2 spot worldwide amongst wireless telecom vendors more than doubling its profits in 2009 to $2.7 billion compared with $1.15 billion posted in 2008, and revenues increasing from $18.3 billion in 2008 to $21.8 billion in 2009.
The results pushed the company past Ericsson ($1.6 billion) as the most profitable telecom vendor and past Alcatel-Lucent ($20.4 billion) into the No. 2 spot in total sales. Ericsson posted $29 billion in sales in 2009.
At the end of 2009, Huawei said it was a partner with 45 of the world’s top 50 telecom operators, and that its strong year-over-year growth was propelled by 3G deployments in China and rapid development of the mobile market in India. The company added that it expects to post a 20% increase in sales in 2010.
Huawei slips past Alcatel-Lucent to No. 2
ABOUT AUTHOR
Jump to Article
What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants