Huawei is one of the best brand in the budget smartphone segment or the people who desire to buy the smartphone. Well, do you know something about this amazing company making the awe-inspiring smartphones. Huawei Technologies Co Ltd is the best ever Chinese multinational networking and also the telecommunications equipment and also the services company headquartered in Shenzhen, Guangdong. This is one of the best ever company in the segment of manufacturing the class apart smartphones.
This best company was also founded in the year 1987 by Ren Zhengfei, the former engineer on the People’s Liberation Army. At the time of establishment, Huawei also had a focus on manufacturing the phone switches too, but since it has also expanded its whole of the business for including the building of amazing telecommunication networks and this also provides the operational and also the consulting services and also the equipment for the enterprises and also inside and outside of China. Also the manufacturing communications devices which are there for the complete consumer market. Huawei also has the employee base of 170000 employees in total, as on September 2015, and from this 76000 ae also engaged in the research and development (R&D). This company has around 21 R&D institutes in different countries which also includes China, United States, Canada, the United Kingdom, Pakistan, Finland, Frannce, Belgium, Germany, Columbia, Sweden, Ireland, India, Russia, Israel and Turkey and also in the year 2014, the company also invested around $6.4 billion USD in R&D, which went up from $5 billion.
In the year 2014, Huawei also recorded the profit of about 34.2 billion CNY (5.5 billion USD. The products and the services have also been just deployed in just more than the 140 countries and the recent serves 45 of the world’s 50 huge telecom operators.
The Early Years of Huawei:
In the year 1980, China’s governement had tried for modernizing the country’s underdeveloped telecommunications infrastructure. A core component of the telecommunications network was also the telephone exchange switches and in the late 1980s several Chinese research groups endeavoured for acquiring and also develop the technology, just through the joint ventures by the foreign companies.
Ren Zhengfei, the former deputy director of the People’s Liberation Army engineering corp, for founded Huawei in the year 1987 in Shenzhen. Rather than just relying on the joint ventures for securing the technology to the Chinese firms. Ren also focussed for the local research and also for developing to produce the switches through reverse engineering of foreign technologies. At the time when all of the China’s telecommunications technology which was also imported from abroad, Ren also hoped for building th domestic Chinese telecommunication company which could also compete with foreign competitiors.
This company also reports that it had RMB 21000 in just the registered the capital at the time of its founding too. The Far Eastern Economic Review also reported which has also received the $8.5 million loan from the state-owned bank, though this company has also denied the complete existence of the loan.
At the time of first several years, this company’s business model consisted just mainly of the reselling the private branch exchange (PBX) switches imported from Hong Kong. Meanwhile, it also reverses its own kind of technologies too. By the year 1990, this company also had approximately 600 R&D staff and this also began its own independent commercialisation of PBX switches by targetting the hotels and also the small enterprises for sure.
The Current Performance:
In the April 2011, this company had also announced an earnings had also increased by just 30% in the 2010, driven by teh significant growth in the overseas markets too. The net profits are also increasing with each passing day to around RMB23.76 billion (US$3.64 billion, Pounds 2.23 billion) from RMB 18.27 billion in 2009. In the year 2010 sales outside China continued for being the main driver of Huawei’s business. Overseas revenues rose to aroudn 34% to the RMB 120.41 billion in 2010 from RMB 90.02 billion in the year 2009. This is also being fueled by the areas which involves the North America and Russia. The revenues from China also increased to around 9.7% to RMB 64.77 billion, as the country’s as the country’s big telecom operators also decreased their investment in the last year.
The revenues of Huawei’s in the year 2010 also accounted for around 15.7% of the $78.56 billion complete global carrier network infrastructure market, also by putting the company second behind the 19.6 % share of the Telefon AB L.M Ericsson, according to market-research firm Gartner.
Huawei is also targeting the sales of $150 million through its enterprise business solutions in India in just the next 12 months. It has also denied by using the Chinese subsidies for gaining global market share after being recently accused just by the US lawmakers and also EU officials of the unfair competition at best.
Recognition of the company:
Huawei Technologies was also one of the 6 telecom industry companies and this also involves the World’s Most Respected 200 Companies listes which is being compiled by the Forbes magazine in the May 2007. In December 2008, Business Week magazine also involved Huawei in their inaugral list of “The World’s Most Influential Companies”.
In the year 2010 Fast Company ranked Huawei as one of the fifth most innovative company in the whole world. In the same year itself, Huawei also received the three honors at the Global Telecom Business Innovation Awards which also includes “Green base station innovation”, “Wholesale network innovation” and this also awards with the Vodafone, BT and also TalkTalk, respectively. In the year 2010, Frost & Sullivan recognized Huawei as the year 2010 SDM Equipment Vendor of the Year and also the contact center application market with also the 2010 Asia Pacific Growth Strategy Leadership Award. On the 29 July 2010, Huawei was also just recognized by British Telecom with the Best in Class 21CN Solution Maturity, Value, Service and also Innovation award and also the contribution in the 21CN and the Next Generation Access project too. Also in the year 2010, The Economist also recognized that Huawei with the Corporate Use of Innovation Award. In the May 2011, Huawei won the awards for the LTE World Summit 2011 for “Significant Progress for a Commercial Launch of LTE by any Vendor and also the “Best LTE Network Elements.” As on May 2011, Huawei has also deployed over the 100 SingleRAN commercial networks and these are also just capable of evolving the LTE and also for those which have developed.