As Smartphones Surge, Huawei Forecasts 9% Revenue Growth in 2023

The Chinese telecom giant Huawei Technologies anticipates reporting sales above 700 billion yuan ($98.5 billion) for 2023.

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As Smartphones Surge, Huawei Forecasts 9% Revenue Growth in 2023

The Chinese telecom giant Huawei Technologies anticipates reporting sales above 700 billion yuan ($98.5 billion) for 2023.

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The statistic shows a revenue gain of about 9% from the 642.3 billion yuan reported in 2022 to the current year.

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Huawei unveiled the Mate60 line of smartphones in August, which is thought to be powered by a CPU that was built domestically.

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In the letter, Huawei expressed its outlook for 2024, stating that one of its primary business lines for growth will be the device sector.

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However, Huawei stated in the letter that it has a lot of obstacles to overcome.

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Huawei would prioritise enhancing the effectiveness of its commercial operations in order to address these issues, according to Hu.

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