Nearly 40 billion dollars in sales for Chinese Huawei in 2013

by bold-lichterman

Chinese phone maker Huawei reported 2013 sales of $ 39.44 billion, and is expected to make nearly $ 4.8 billion in profit.

When publishing these results, Meng Wanzhou, Chief Financial Officer of Huawei, insisted on the investment made by the company in R&D with 5.42 billion dollars in 2013. Huawei has spent over 10 years more than 25.29 billion dollars dollars to its research and development.