Huawei expects 2023 revenue to be up almost 9pc
Huawei said on Friday it expected an increase of almost nine percent in its revenue in 2023, despite US sanctions against the mainland tech giant. "After years of hard work, we managed to weather the storm," rotating chairman Ken Hu said in remarks released on Friday, while adding the firm faces "serious challenges". In 2023, the group expects revenues of more than 700 billion yuan, Hu said in a New Year's message – an increase of nearly nine percent from last year. The firm released its Mate 60 Pro handset this year – a device, powered by an advanced domestically produced chip. But revenue remains much lower than the 891.4 billion yuan in 2020, the year before the company announced a sharp decline in turnover due to US sanctions. (AFP)