Huawei reports 34.4% growth in net profit for 2013, its strongest growth in four years

Chinese technology firm Huawei reported its strongest profit growth in four years on Monday, led by strong demand for its smartphones. Besides producing handsets, the company is also known for networking equipment. Huawei is now the second largest network equipment provider and third largest smartphone manufacturer on the planet.



The company's latest earnings report got a boost from Chinese carriers who are now switching over to 4G LTE networks. Huawei is missing out in the U.S., where it is not allowed to sell its telecom equipment due to fears that the company's pipelines are being used ...