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China's Huawei 2014 smartphone revenue to rise 30% year-on-year: memo

[BEIJING] The smartphone division of Chinese telecoms firm Huawei Technology Co Ltd recorded US$11.8 billion in revenues in 2014, a 30 per cent year-on-year increase, according to an internal memo seen by Reuters.

The memo also said the division shipped about 75 million smartphones in 2014, a 40 per cent year-on-year increase, but which lagged its target of 80 million units.