The estimated figure of $2.5 billion is in stark contrast to the fortunes of its major rival ZTE, which warned last week that it could make a significant loss in 2012.
In recent times Huawei, one of the world’s largest makers of telecommunications equipment, has been striving to tap into the lucrative smartphone market, making what it describes as “huge breakthroughs in selling smartphones in Japan, North America, Europe, and other high-end markets".
It now plans to follow up this growth with the launch of several new models during the second half of 2013. In addition, Huawei said that it expects its revenue to grow between 10 and 12% in 2013.
