While many Chinese smartphone vendors are looking to 2016 for a reprieve from dwindling smartphone demand, Huawei Technologies Co. is ringing in the New Year with some better news.

The company said on Thursday that their 2015 revenue is expected to rise 35.5% over the previous year, significantly higher than a prediction release earlier this year of 20%.

The Shenzhen-based company has seen stronger smartphone sales in the second half of 2015, beating out Xiaomi to become the No. 1 player in China’s smartphone market. Huawei now expects to reach 390 billion yuan ($60 billion USD) in sales for the year, according to acting Chief Executive, Guo Ping.

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