SHENZHEN: China’s Huawei Technologies is targeting $16 billion in revenue for its consumer business group this year, the head of the unit, Richard Yu, said on Tuesday.

The Chinese consumer product maker, which competes with Apple and Samsung Electronics for smartphones, said in December it shipped about 75 million smartphones in 2014, a 40% year-on-year increase but lagging its target of 80 million units.

Source: Times of India