In an interview with the Financial Times Huawei's Vice President, Eric Xu, confirmed that his company was "not interested in the US market anymore" despite their years of effort and money which have been invested in a bid to secure custom from US businesses!
Huawei is currently the world's second largest manufacturer of telecoms equipment, but they have recalibrated their projected growth and subsequently their sales figures now their US operations are over. That means that Huawei now expect revenue to hit to $10 billion by 2017 instead of the $15 billion they hoped for by the same year before they were effectively forced to concede the market.
We're not sure what this means for Huawei phones in the US, we would assume that they will be unaffected by the telecoms equipment division, but we're not in a position to confirm that. In the meantime let us know what you think about Huawei's new mid-range A199 smartphone, the details of which you can find here!
Via Engadget.
[UPDATE]
According to the Beijing News (web translated) Huawei's Eric Xu was misquoted by the internet yesterday and the company are not actually leaving the US market. Instead, Huawei said that Xu was discussing the new markets which they can tap into in future and they were clarifying that the company will have great difficulty growing in the US, but they did not explicitly rule out the possibility.
Again we expect Huawei phones will continue to ship to the US as this is one part of the business which Huawei can target at and grow in the US.
Via PhoneArena.
