Huawei, the world’s sixth largest mobile phone vendor, said on Wednesday that it expects to ship more than 100 million mobile phones in 2012, including 60 million smartphones, Reuters reported. The Chinese company sold a total of 55 million handsets, including 20 million smartphones, in 2011 and is now looking to increase its global market share with a focus on key markets. “We plan to target China, the United States, western Europe and Japan as key markets,” said Shao Yang, chief marketing officer of Huawei Device. The executive also said he expects consumer device sales to reach $30 billion in five years, up from $7 billion, becoming as large as its telecommunications equipment business. “This means that by that time, the revenue will be comparable to our telecom equipment business,” Shao said. “We feel the room for growth for devices is much bigger than the telecom carrier sector.”

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Not long ago, HTC posted six consecutive months of record revenue thanks to strong demand for its Android-powered smartphones. The company’s record run came to a screeching halt in October last year with the release of Apple’s iPhone 4S. HTC’s fourth quarter earnings fell, missing Wall Street’s expectations, and the rough patch continued in the first quarter of 2012. To compound matters, the latest study conducted by ad network Chitika shows that the troubled handset maker’s usage share has declined by more than 60% in the past five months from 18.22% to 7.28% based on traffic across its network. At the same time, Apple’s share has increased by 64% from 46.84% to 76.88% and other Android vendors such as Samsung and Huawei have recorded continued modest growth. HTC is betting big on its flagship One X smartphone, and it hopes the handset, along with the rest of its One-series phones, will help the company rebound.

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Huawei on Wednesday announced global availability of its flagship Ascend P1 smartphone. The Android 4.0-powered handset will be available in Hong Kong, Taiwan, and Australia by May, in Latin America by June and in Europe for the summer, with availability in other markets to follow. “The global availability of the Ascend P1, which combines smart features and a sexy design, represents a significant milestone for Huawei Device,” said Richard Yu, Chairman of Huawei. “We are sending strong signals of our intention to transform into a consumer-facing brand and extend our market leadership globally by strengthening our range of flagship products. We are also expanding our sales and distribution channels to move beyond a focus on operators.” The Ascend P1 is equipped with a 4.3-inch qHD Super AMOLED display, a dual-core TI OMAP 4460 processor clocked at 1.5GHz and an 8-megapixel rear camera. Read on for Huawei’s press release.

Huawei Announces Global Availability of the Ascend P1 – its Flagship Dual-Core Smartphone

Beijing, China, April 18, 2012: Huawei, a leading global information and communications technology (ICT) solutions provider, today announced that the Huawei Ascend P1 will be available in Hong Kong, Taiwan, and Australia through operators and retailers by May 2012, in Latin America from June 2012 and in Europe from summer, with availability in other markets to follow.

“The global availability of the Ascend P1, which combines smart features and a sexy design, represents a significant milestone for Huawei Device. We are sending strong signals of our intention to transform into a consumer-facing brand and extend our market leadership globally by strengthening our range of flagship products. We are also expanding our sales and distribution channels to move beyond a focus on operators,” said Richard Yu, Chairman of Huawei Device.

The Ascend P1 is beauty meets brains – proof that technology and good looks can go hand-in-hand. It features a dual-core 1.5GHz TI OMAP 4460 Cortext-A9 processor and measures 7.69mm thin and 64.8 mm long, providing a very comfortable grip. With a 4.3-inch super AMOLED 960 x 540 touch screen with Corning® Gorilla® Glass, an 8-megapixel BSI rear-facing camera and Dolby Mobile 3.0 + 5.1 surround sound technology, the Ascend P1 provides a home theatre experience in the palm of your hands.

Credit Suisse estimates that annual global smartphones sales will surpass 1 billion units in 2014, Reuters reported on Thursday. Global sales are predicted to grow nearly 46% to 687.9 million units this year, and then to reach 1.05 billion units in 2014. The growth is said to be fueled by strong demand in China and the launch of cheaper low-end handsets. “We see robust growth for the smartphone market in China, which we think will account for 22 percent of global units by 2015,” Credit Suisse analysts including Kulbinder Garcha wrote in a note. The firm expects Apple to make large gains in an environment where the “success in smartphones will be impacted by success in PCs and tablets.” The Cupertino-based company is estimated to capture 23% of the market this year, and Samsung, Nokia and Huawei are each expected to gain share as well.

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Samsung’s market share in the Chinese market is three times larger than Apple’s and still growing, Bloomberg reported on Sunday. The Cupertino-based company recently began to sell its flagship smartphone on the nation’s third largest carrier, China Telecom, in addition China Unicom, which up until recently was the exclusive carrier of the iPhone in China. The new partnership, however, may be too little, too late. “I don’t expect Apple to replace Samsung any time soon,” Gartner analyst Sandy Shen said. “China Telecom is the nation’s smallest carrier, so the extent to which they can help Apple is quite limited.” Read on for more.

Apple’s smartphone market share in the country currently sits at 7.5% compared to Samsung’s commanding 24.3%. The 16.8 point gap between the two companies has nearly doubled since the third quarter, though Apple is still the top smartphone vendor globally by volume. China is a huge market though with smartphone shipments in the country expected to jump 52% to 137 million units in China, overtaking the U.S. for the first time ever as the world’s largest market.

Unlike Apple, Samsung offers its mobile devices on all three major carriers, including the world’s largest carrier, China Mobile. “Having access to more subscribers gives vendors like Samsung an advantage,” said Teck Zhung Wong, a Beijing-based analyst with IDC China. “If Apple is going to continue to grow in the Chinese market, it has to consider very seriously a handset with China Mobile.”

Despite not selling the device, or even supporting 3G speeds with it, China Mobile currently has more than 15 million iPhone users, all of whom purchased the device unlocked.

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Microsoft plans to roll out its Windows Phone “Tango” update for its mobile platform in China some time this year. While the new version of Microsoft’s OS will allow Windows Phones to hit lower price points, Chinese manufacturers are pessimistic about the plan and believe the operating system may not achieve enough success, according to DigiTimes. Android-based smartphones are believed to continue to dominate the Chinese market due to the aggressive marketing of low-end devices from local vendors such as ZTE, Huawei, Coolpad and Xiaomi Technology, and the ease of developing applications through the open-source operating system. Despite unfavorable market conditions, Nokia will lead the charge into China with devices set to launch in the first half of 2012. The publication’s sources also believe Huawei will release several Windows Phones din the second quarter, with Microsoft also looking to partner with Lenovo and ZTE to launch devices in the Chinese market.

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Huawei is making quite a splash at this year’s Mobile World Congress. The company announced one quad-core handset — the Ascend D quad, which is built on the company’s proprietary in-house processor platform — in addition to a dual-core TI OMAP-based device, the Ascend D1. We got a chance to play with both models and, especially in the case of the D quad, we left quite impressed. These things move fast. Really fast. What’s more, these handsets mark Huawei’s entry into the chip making game, and place the company in direct competition with other smartphone vendors that moonlight as chip makers, like Samsung and Apple. It will be interesting to see how this plays out over the coming year. That said, the handsets themselves will be the stars of Huawei’s lineup for at least the first half of 2012. The D quad sports 8GB of on-board storage, 1 GB of RAM, Android 4.0, Huawei’s 1.2Ghz quad-core chip, a 4.5-inch display and Android 4.0 Ice Cream Sandwich. The Ascend D1 is externally identical to the D quad, but it will hit a much lower price point thanks largely to its 1.2Ghz dual-core chip, which replaces the D quad’s quad-core processor. Check out our hands-on shots in the gallery below.

Huawei on Sunday announced the new Ascend D quad smartphone at Mobile World Congress. The company bills the handset as “the world’s fastest quad-core smartphone,” with its 4.5-inch 720p HD display and Huawei’s own K3V2 quad-core 1.5GHz processor. The smartphone features an 8-megapixel rear-camera, 1.3-megapixel front-facing camera and runs Android 4.0 Ice Cream Sandwich. Huawei also introduced the Ascend D quad XL and the Ascend D1 smartphones. The Ascend D quad XL boasts a massive 2,500 mAh battery, but otherwise it’s the sames exact smartphone as the Ascend D quad. The Ascend D1 runs a 1.5 GHz dual-core CPU and has a 1,670 mAh battery. The Ascend D quad series will be available in China, Australia, Europe, Asia-Pacific, North and South America, and the Middle East in the second quarter of 2012, with the Ascend D1 to be made available in April. Pricing and more specific information surrounding launches aren’t yet available. Read on for Huawei’s press release.

Huawei Introduces the World’s Fastest Smartphone: The Ascend D quad

With Huawei’s proprietary quad-core chip and power management system

BARCELONA, Spain, Feb. 26, 2012 /CNW/ – Huawei, a leading global information and communications technology (ICT) solutions provider, today introduced the world’s fastest quad-core smartphone, the Huawei Ascend D quad. Powered by the Huawei’s K3V2 quad-core 1.2GHz/1.5GHz processor and boasting the most compact design among 4.5-inch smartphones, the Ascend D quad expands the realm of possibilities for consumers with an Android 4.0 operating system and Huawei’s proprietary power management system which provides up to 30% in energy savings.

“We’ve listened to people’s top demands from smartphones: speed, long-battery life, high quality visual and audio capabilities, and a compact, lightweight handset. The Huawei Ascend D quad exceeds these expectations,” said Richard Yu, Chairman of Huawei Device. “In January at the Consumer Electronics Show at Las Vegas, we achieved a world record for the world’s slimmest smartphone with the Huawei Ascend P1 S. We are proud to once again introduce a world-first at the 2012 Mobile World Congress with the Ascend D quad, the fastest smartphone.”

The Ascend D quad is an entertainment dynamo with its 4.5-inch 720P high definition touchscreen, and the industry’s most powerful 32-bit true color graphic processor. Its PPI 330 screen providing crystal clear display even under direct sunlight, is complemented by its Dolby 5.1 Surround Sound and Audience earSmart™ voice technology for an experience which excels across the senses. Its 8-megapixel BSI rear-facing camera, 1.3 megapixel front-facing camera, and 1080p full HD video-capture and playback capabilities enables you to record your special moments in clearer, richer detail.

The Ascend D quad comes with an 1800mAh battery, which lasts for one to two days with normal usage. The smartphone’s prowess is enhanced by Huawei Device’s proprietary power management technology which provides a longer battery life of up to 30% compared to industry average by adjusting power consumption according to usage needs. It also ensures higher chipset performance and efficiency by maintaining a low chip temperature.

Measuring 64mm narrow and 8.9mm slim, the Ascend D quad is proof that good things do come in small packages. With an ultra-thin frame, the lightweight and compact smartphone’s 4.5-inch touchscreen seems to vanish into the edge, creating an “infinity” feel and allowing an exceptionally narrow body.

In addition to innovative hardware design, the Ascend D quad also has outstanding software design. In addition to its Android 4.0 operating system, the Ascend D quad optimizes the user experience, ensuring greater ease of use.

As part of the Ascend D series, Huawei also introduced the Ascend D quad XL and the Ascend D1 smartphones. The Ascend D quad XL comes with a 2500mAh battery which provides two to three days of normal usage. With the same specifications as the Ascend D quad, the Ascend D quad XL measures 10.9 mm slim. The Ascend D1 runs on a 1.5 GHz dual-core CPU and has a 1670mAh battery.

The Ascend D quad series will be available in China, Australia, Europe, Asia-Pacific, North and South America, and the Middle East in Q2 2012. The Ascend D1 will be available in the above markets from April 2012.

According to a leaked accessory sheet, the HTC Ville and Huawei Prism are headed to T-Mobile in the U.S. The sheet, a screenshot of which was obtained by TmoNews, provides little information outside of device names and “warehouse arrival” dates for various accessories. Accessories, which sometimes arrive weeks before a handset launches, are set to arrive for both devices in early April. BGR exclusively reported this past November that HTC will unveil the Ville at next week’s Mobile World Congress trade show. The device is rumored to be thinner than Apple’s iPhone 4S and will feature Android 4.0, Sense 4.0, a 4.3-inch qHD Super AMOLED display, a 1.5GHz dual-core Snapdragon Series 4 processor, an 8-megapixel camera, HSPA+ and a 1,650 mAh battery.

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Global smartphone sales increased 47.3% to 149 million units in the fourth quarter of 2011, according to market research firm Gartner. Total smartphone sales for the full year increased 58% to 472 million units and accounted for 31% of all mobile devices sold. The record sales were led by Apple’s iPhone, which sold 37 million units and helped the company capture a 23.8% market share in the fourth quarter. Apple was also the top smartphone vendor in 2011, with a 19% market share. “Western Europe and North America led most of the smartphone growth for Apple during the fourth quarter of 2011,” said Roberta Cozza, principal research analyst at Gartner. “In Western Europe the spike in iPhone sales in the fourth quarter saved the overall smartphone market after two consecutive quarters of slow sales.” Samsung continued its success with LG, Sony Ericsson, Motorola and Research In Motion recording disappointing results. Both ZTE and Huawei dominated the low-end to mid-range market and became — along with Apple — the fastest-growing vendors in the fourth quarter of 2011. “These vendors expanded their market reach and kept on improving the user experience of their Android devices,” said Cozza. Read on for Gartner’s press release.

Gartner Says Worldwide Smartphone Sales Soared in Fourth Quarter of 2011 With 47 Percent Growth
Apple Became Top Smartphone Vendor in Fourth Quarter of 2011 and in 2011 as a Whole

Egham, UK, February 15, 2012—

Worldwide smartphone sales to end users soared to 149 million units in the fourth quarter of 2011, a 47.3 per cent increase from the fourth quarter of 2010, according to Gartner, Inc. Total smartphone sales in 2011 reached 472 million units and accounted for 31 percent of all mobile devices sales, up 58 percent from 2010.

Smartphone volumes during the quarter rose due to record sales of Apple iPhones. As a result, Apple became the third-largest mobile phone vendor in the world, overtaking LG. Apple also became the world’s top smartphone vendor, with a market share of 23.8 percent in the fourth quarter of 2011, and the top smartphone vendor for 2011 as a whole, with a 19 percent market share. “Western Europe and North America led most of the smartphone growth for Apple during the fourth quarter of 2011,” said Roberta Cozza, principal research analyst at Gartner. “In Western Europe the spike in iPhone sales in the fourth quarter saved the overall smartphone market after two consecutive quarters of slow sales.”

The quarter saw Samsung and Apple cement their positions further at the top of the market as their brands and new products clearly stood out. LG, Sony Ericsson, Motorola and Research In Motion (RIM) again recorded disappointing results as they struggled to improve volumes and profits significantly. These vendors were also exposed to a much stronger threat from the midrange and low end of the smartphone market as ZTE and Huawei continued to gain share during the quarter.

Worldwide mobile device sales to end users totaled 476.5 million units in the fourth quarter of 2011, a 5.4 percent increase from the same period in 2010 (see Table 1). In 2011 as a whole, end users bought 1.8 billion units, an 11.1 percent increase from 2010 (see Table 2). “Expectations for 2012 are for the overall market to grow by about 7 percent, while smartphone growth is expected to slow to around 39 percent,” said Annette Zimmermann, principal research analyst at Gartner.

In the fourth quarter of 2011, Nokia’s mobile phone sales numbered 111.7 million units, an 8.7 percent decrease from last year. “Samsung closed the gap with Nokia in overall market share,” said Ms. Cozza. “Samsung profited from strong smartphone sales of 34 million units in the fourth quarter of 2011. The troubled economic environment in Europe and Nokia’s weakened brand status posed challenges that were hard to overcome in just one quarter. However, Nokia proved its ability to execute and deliver on time with its new Lumia 710 and 800 handsets. Nokia will have to continue to offer aggressive prices to encourage communications service providers (CSPs) to add its products to portfolios currently dominated by Android-based devices.”

Apple had an exceptional fourth quarter, selling 35.5 million smartphones to end users, a 121.4 percent increase year on year. Apple’s continued attention to channel management helped it take full advantage of the strong quarter to further close the gap with Samsung, which saw some inventory build up for its smartphone range. Apple’s strong performance will continue into the first quarter of 2012 as availability of the iPhone 4S widens. However, since Apple will not benefit from delayed purchases as it did in the fourth quarter of 2011, Gartner analysts expect its sales to decline quarter-on-quarter.

After Apple, ZTE and Huawei were the fastest-growing vendors in the fourth quarter of 2011. “These vendors expanded their market reach and kept on improving the user experience of their Android devices,” said Ms. Cozza.

In the fourth quarter of 2011, ZTE moved into fourth place in the global handset market. ZTE posted a strong smartphone sales increase of 71 percent sequentially. The company was able to extend its portfolio to three CSPs in its home market and benefited from consumers’ interest in low-cost smartphones. Huawei moved ahead of LG in the Android marketplace to become a top-four Android manufacturer, thanks to strong smartphone growth in the quarter. Huawei has made significant progress in moving to its own-branded devices, and it has continued to expand its portfolio into higher tiers as its tries to build more iconic products.

RIM dropped to the No. 7 spot in the fourth quarter of 2011, with a 10.7 percent decline. RIM’s delay with its BlackBerry 10 platform will further impair its ability to retain users. However, RIM’s biggest challenge is still to expand the developer base around its ecosystem and convince developers to work and innovate with BlackBerry 10.

In the smartphone OS market (see Table 3), competition between Google and Apple intensified. Android’s share declined slightly sequentially. This was due to strong iPhone sales, driven in particular by the iPhone 4S in mature markets and the weakness of key Android vendors as they struggled to create unique and differentiated devices. Samsung remained the main contributor to Android share gains in the second half of 2011. iOS’s market share grew 8 percentage points year-on-year, but Gartner analysts expect Apple’s share to drop in the next couple of quarters as the upgrade cycle to the iPhone 4S slows. Nokia’s first Windows Phone smartphones, the Lumia 710 and 800, made their debut, but, as expected, sales were not enough to prevent a fall in Microsoft’s smartphone market share.

Last summer, Huawei’s MediaPad was one of the first manufactures to ship a device pre-loaded with Android 3.2 Honeycomb. The Chinese company is now attempting a similar strategy with the release of Ice Cream Sandwich. Existing models of the MediaPad will receive an Android 4.0 update by the end of the first quarter, and new MediaPads will come pre-loaded with the software beginning some time the first quarter. Additionally, the tablet will be offered in the current color scheme, and will add shadow black, classic brown, and passion pink to the mix. The MediaPad features a 7-inch 1280 x 800-pixel display that supports 1080p full HD video playback, a 1.2GHz dual-core Qualcomm processor and six hours of battery life. Read on for the company’s full press release.

Huawei’s MediaPad Now Comes with Android 4.0

Huawei also unveils new MediaPad color series, operating on Android 3.2

LAS VEGAS, Jan. 11, 2012 /PRNewswire/ — Huawei, a leading global information and communications technology (ICT) solutions provider, today announced that the Huawei MediaPad is now one of the world’s first tablets to come pre-loaded with the new Android 4.0 Ice Cream Sandwich operating system. First launched in June 2011, the original MediaPad was the world’s first 7-inch Android 3.2 tablet. This latest version of the MediaPad once again provides users with the very latest Android experience, along with access to the newest and hottest services and apps available in the Android marketplace.

Huawei also unveiled its new MediaPad color series – fashionable MediaPads in three new colors: shadow black, classic brown, and passion pink and running on Android 3.2. Both MediaPad versions have a high-quality display, with screen resolution of 1280 x 800 pixels at 217 PPI and supporting 1080P Full HD video playback. Additionally, they come with a Qualcomm dual-core 1.2 GHz processor and have a battery capacity of six hours or more.

“In a tablet market defined by staid black and white tablets, the new colorful MediaPad offers a personalized look without the need for an external case,” said Richard Yu, Chairman, Huawei Device. “With a hardware package that includes a high-quality screen, a powerful dual-core processor, and long battery life, these colorful MediaPad embodies a rare combination of style and performance.”

Huawei’s new MediaPad color series and the MediaPad with Android 4.0 will be available in selected markets in the first quarter of 2012. Existing MediaPad owners will receive an OTA Android 4.0 upgrade to their tablets by the first quarter of 2012.

Huawei unveiled the company’s latest Android-powered smartphone, the Ascend P1 S. The device features an incredibly slim design, measuring a mere 6.68mm — even slimmer than Motorola’s 7.1mm DROID RAZR. The device sports a 4.3-inch qHD Super AMOLED display with a 1.5GHz TI OMAP 4460 dual-core processor and 1GB of RAM. On the backside, the Ascend has an 8-megapixel camera with a dual-LED flash and a 1.3-megapixel front facing camera. Huawei also announced the Ascend P1, which packs similar features in a thicker 7.69mm profile. Both devices feature Corning’s Gorilla Glass and will run a clean version of Android 4.0 Ice Cream Sandwich. Pricing has not been announced, however we can expect to see both of these devices within the second quarter of 2012. Read on for Huawei’s full press release. 

Las Vegas, U.S.A., January 9, 2012: Huawei, a leading global information and communications technology (ICT) solutions provider, unveiled the world’s slimmest smartphone today at the 2012 Consumer Electronics Show (CES). The Huawei Ascend P1 S is 6.68mm thin and features a 4.3-inch Super AMOLED 960 x 540 touchscreen with Corning® Gorilla® Glass. The Ascend P1 S is also the fastest and most compact smartphone in its class with a dual-core 1.5GHz TI OMAP 4460 Cortext-A9 processor and Android 4.0 Ice Cream Sandwich operating system.

“We’re excited to unveil the world’s slimmest smartphone here at CES 2012,” said Richard Yu, Chairman of Huawei Device. “The Ascend P1 S demonstrates our ongoing commitment to innovating high quality devices that utilize the latest hardware and software technologies.”

Huawei also unveiled the Ascend P1 which, as part of the same smartphone series, boasts the same functionality while measuring 7.69mm. Delivering the ultimate in elegance and speed with a 1670mAh/1800mAh battery, the Huawei Ascend P1/P1 S series provides the fastest multi-tasking, video replay and gaming experience in its class.

The Huawei Ascend P1/P1 S series feature a super-sleek and narrow 64.8mm body, elegant contours and an effortlessly stylish design. The PPVD back cover coating evenly distributes heat, and provides a strong metallic, three-dimensional design with a delicate texture. The Ascend P1/P1 S is available in metallic black, ceramic white and cherry-blossom pink with more colors to come to match your personal style wherever you are, whatever you’re doing.

The Ascend P1/P1 S brings your digital world to life with its impressive 8-megapixel BSI rear-facing and 1.3-megapixel HD front-facing cameras with dual flash LED and HDR effect optimization. The Ascend P1/P1 S allows you to capture special moments in sharper, brighter and clearer detail both in light and dim environments. Relive your most memorable moments on the Huawei Ascend P1/P1 S with its stunning 1080p HD video-capture capabilities. Its high speed data connectivity through 3G, WiFi and Bluetooth and in-built social media capabilities enable you to instantly share your photos and videos via social media.

The Huawei Ascend P1/P1 S will be available in Europe, Asia-Pacific, North America, Australia, Middle East, and China from April 2012.

Handset makers in China have formed an alliance to prepare for possible patent battles with Apple, Microsoft and Nokia. Coolpad, Konka, TCL, ZTE and Lenovo were among the companies named in a report by DigiTimes on Friday. The number of lawsuits filed in China is expected to increase as Microsoft, Nokia and Apple try to increase market share there, the report says. Nokia has already filed patent infringement suits against several Chinese phone makers and Microsoft has gone after Huawei to try to secure a patent licensing deal. Huawei responded to Microsoft’s threats in early November and explained that it has 65,000 patents worldwide. “We have enough to protect our interests,” Huawei Devices chief marketing officer Victor Xu said. “We are a very important stakeholder in Android.” Each of the Chinese companies reportedly has a large patent portfolio and, combined, they could create enough of a force to stave off at least some of the patent-related lawsuits that have plagued other companies.

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Sprint quietly launched the Express on Friday, a new $20 Android smartphone manufactured by Huawei. The device runs Android 2.3 (Gingerbread) and features a 2.6-inch display with a 320 x 240-pixel resolution, a full QWERTY keyboard, 512MB of RAM, a 1,600 mAh battery, a microSD slow for up to 32GB of storage, a 3.2-megapixel camera and the ability to share its 3G connection via a mobile hotspot feature. The Express is available now for $20 with a new two-year Sprint contract.

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Huawei announced on Monday its intentions to purchase Symantec’s 49% stake in Huawei Symantec, a joint venture between the two companies that was originally formed in 2008, giving Huawei full control of the company. “The integration of Huawei Symantec’s innovative security and storage technology with Huawei’s enterprise products will reinforce Huawei’s leading position in cloud computing,” said Guo Ping, deputy chairman of Huawei.” The $530 million purchase is still pending regulatory approval, but Huawei expects the deal to close during the first quarter of 2012. Read on for the full press release.

Huawei Acquires Symantec Stake in Huawei Symantec Joint Venture

MOUNTAIN VIEW, Calif. and SHENZHEN, China – Nov 14, 2011 – Huawei Technologies Co., Ltd. (Huawei) and Symantec Corp. (Nasdaq: SYMC) today announced an agreement on a transaction where Huawei will acquire Symantec’s 49 percent stake in Huawei Symantec Technologies Co., Ltd. (Huawei Symantec) for USD $530 million. Upon closing, the agreement will give Huawei full ownership of Huawei Symantec.

Huawei Symantec is a Hong Kong-based joint venture established by Huawei and Symantec in 2008.The company provides customers with innovative security, storage and systems management solutions. Over the past few months, Huawei and Symantec have held several rounds of discussions and negotiations over the future of the joint venture. Huawei and Symantec have mutually agreed that the next stage of growth for the joint venture would benefit from the direction of a single owner.

“I am thrilled that Huawei Symantec will become a key pillar of Huawei’s ICT solutions. The integration of Huawei Symantec’s innovative security and storage technology with Huawei’s enterprise products will reinforce Huawei’s leading position in cloud computing,” said Guo Ping, Deputy Chairman of Huawei. “Huawei Symantec has achieved tremendous success in the past four years, having built a portfolio of products and solutions that are widely recognized by our customers and business partners. Looking ahead, Huawei will continue to increase investment in Huawei Symantec, reaffirming its commitment to customers.”

“Symantec achieved the objectives we set four years ago and exit the joint venture with a good return on our investment, increased penetration into China and a growing appliance business,” said Enrique Salem, president and chief executive officer, Symantec. “Today, China is one of Symantec’s fastest growing markets. It has grown 46 percent over the last three fiscal years. We remain committed to ongoing investment in China as well as building additional relationships in the region. Expertise gained from this endeavor has also led to our growing appliance business that provides our customers the additional choice of Symantec market leading security and storage software in an easy to deploy appliance.”

The agreement is subject to regulatory approvals and other customary closing conditions and is expected to close in the first quarter of 2012. Until the closing, Huawei and Symantec will continue to comply with their commitments under the existing joint venture agreements.

Webcast and Conference Call Information

Symantec will host a conference call and webcast today at 2 p.m. PT / 5 p.m. ET to discuss the sale of Symantec’s shares of the Huawei Symantec joint venture. The live discussion can be accessed by dialing 888-726-2470 domestic and 913-312-1430 internationally, passcode 2427376. An audio webcast of the call will also be available at www.symantec.com/invest. Please go to the website at least 15 minutes early to register, download and install any necessary audio software. A replay of the call will be available via webcast at www.symantec.com/invest.