Published 30 days ago

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow

Huawei's Mate 60 Pro boosted sales in China, with a 47% increase in smartphone shipments in the fourth quarter, putting the company fourth in market share.
Apple maintained first place in China with 6% year-on-year growth in smartphone shipments.
Xiaomi fell behind Huawei in market share, according to data from Canalys.

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The Guardian

Huawei shrugs off US sanctions with fastest growth in four years

Revenue at Chinese telecom rose 10% as net profit more than doublesChinese telecoms firm Huawei grew faster in 2023 than it has for four years, as it shrugged off the impact of US sanctions.Revenues rose by nearly 10% to 704.2bn yuan (£77bn) as the Shenzhen-based company enjoyed a rebound within its consumer segment, which includes smartphone handsets. Continue reading...

30 days ago·London, United Kingdom

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Associated Press News

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow

Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions.

1 month ago·United States

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abc News

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow

Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions

1 month ago·United States

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South China Morning Post

Huawei’s 2023 profit doubles, as tech giant cuts path out of sanctions

Net profit for the year soared to 87 billion yuan, up 144.5 per cent from 2022, partly due to recurring gains from its sale of budget smartphone unit Honor and other assets.

1 month ago·Hong Kong

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CNBC

Huawei's profit doubled in 2023 as smartphone, autos business picked up

Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings.

1 month ago·United States

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Globo

As it recovers from sanctions imposed by the United States, Huawei doubles its profits.

Technology giant announced that its profit rose to 87 billion yuan in 2023, or US$ 12 billion, up more than 140% from the previous year, and the biggest jump since it began to release comparable figures

29 days ago·Brazil

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