Chinese Huawei Telecom becomes largest in the world 2012
Huawei’s 2012 revenue proaching USD 35 billion.
Huawei on Tuesday reported revenues of 102.7 million renminbi, or U.S. $16.1 billion, for the first six months of 2012. That would seem like a perfectly ordinary quarter for the giant and growing Chinese telecom vendor, but there is something particularly significant of about this earnings report. According to some quick calculations made by Light Reading’s Ray Le Maistre, Huawei’s sales have surpassed Ericsson’s, making the privately held company the largest telco infrastructure maker in the world.
Huawei now has 150,000 employees, with 61,000 of them in research and development. The company has built five R&D centers in Europe and participates in over 130 standards bodies. Huawei boasts of serving one-third of the world’s population today.
The fact is, Huawei’s revenue in 2012 is:
Huawei Investment & Holding 31,543 billion USD
Compware an old telecom giant Philips, it’s revenue in 2012 is:
Royal Philips Electronics 35,152 billion USD
Nice to compare to this list: