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Telecommunications Huawei storming ahead on strength of Chinese 3G race
Telecommunications Huawei storming ahead on strength of Chinese 3G race | Huawei storming ahead on strength of Chinese 3G race |
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| by Peter Dinham | |
| Friday, 15 May 2009 | |
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According to Ovum, the first quarter revenues of $3.6 billion were down 15% sequentially and down 8% compared with the first quarter last year. Vice president ON at Ovum, Dana Cooperson, said the result “marks the second time in two quarters that the ON market has shrunk compared with the year-ago quarter, but given the global financial meltdown the situation could have been much worse.” However, Cooperson says spending in Asia-Pacific was surprisingly strong, and Ovum did not see the seasonal decline it normally expected in China - “for example, as the race to build 3G mobile networks and support them with transport capacity obliterated any seasonality or macroeconomic downturn factors. “Huawei, posting a remarkable $790 million in revenue to lead the market for the quarter, benefited from China’s 3G race, along with teledensity growth in India, a strong and stable currency, and comparatively little exposure to the cool North American market, while Alcatel-Lucent suffered from much of the opposite.” According to Cooperson, of the top ten vendors, none posted both sequential and year-over-year revenue gains, reflecting slowing spending in much of the world. CONTINUED page 2 |
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