'We are not interested in the U.S. market anymore," says Huawei VP Eric Xu. The U.S. government's hard-line stance towards the telecom equipment/IT giant (ostensibly due to to its Chinese military ties) is undoubtedly a major factor here. Xu also says Huawei is now aiming for 2017 enterprise sales of $10B, below a prior goal of $15B - its 2012 enterprise sales stood at $1.9B. Cisco (CSCO +1.4%), which has made it clear it considers Huawei a top rival, must be pleased with both remarks.
'We are not interested in the U.S. market anymore," says Huawei VP Eric Xu. The U.S....
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