From Investing.com:

Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, with a 9% year-over-year growth from the previous year. The company credits its resilience to weathering U.S. sanctions since 2019, expressing gratitude to partners and staff. Huawei’s smartphone business exceeded expectations, with an 83% surge in shipments in October. The company plans to focus on expanding its device business in 2024, despite geopolitical and economic uncertainties. CEO Ken Hu emphasized the need to streamline operations for efficiency. (Words: 93)

In an internal message, Huawei’s rotating chairman Ken Hu shared the company’s forecasted revenue of over 700 billion yuan ($98.5 billion) for 2023, marking a 9% year-over-year growth. Despite U.S. sanctions in 2019, Huawei’s smartphone business surpassed expectations with an 83% surge in shipments in October, contributing to overall market growth. Hu acknowledged the challenges ahead, emphasizing the need to streamline operations for efficiency. (Words: 66)

Huawei’s rotating chairman Ken Hu revealed the company’s expected revenue of over 700 billion yuan ($98.5 billion) for 2023, reflecting a 9% year-over-year rise. The internal message also highlighted the strong performance of Huawei’s smartphone business, with an 83% surge in shipments in October, contributing to a broader market uptick. Despite geopolitical and economic uncertainties, Huawei remains focused on streamlining operations for efficiency. (Words: 69)



Read more: Huawei forecasts 9% revenue growth in 2023 as smartphones surge By Reuters