Huawei's sales revenue to hit US$46b in 2014

The sales revenue of China-based telecommunications giant Huawei Technologies Co. Ltd is projected to reach 46 billion U.S. dollars in 2014, up 15 percent from the previous year, according to its rotating CEO Hu Houkun.

The strong performance was partly boosted by its terminal equipment sales, which is projected to reach 11.8 billion U.S. dollars in 2014, according to Hu at a New Year greetings statement.

Huawei's smartphone shipments in 2014 is estimated to rose by more than 40 percent to 75 million, cementing Huawei's third place in the global smartphone market after Samsung and Apple.

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