Huawei forecasts 98 billion dollars in revenue for 2023

Chinese tech giant Huawei anticipates exceeding RMB 700 billion ($98.22 billion) in sales revenue for 2023, as revealed in an internal New Year message from Huawei’s rotating chairman, Ken Hu. This projection indicates a roughly 9% year-over-year increase compared to the reported RMB 642.3 billion ($90.25 billion) in 2022, with the growth primarily attributed to a significant uptick in smartphone sales. Huawei asserts strong performance across various business sectors, including growth in ICT infrastructure, terminals, digital energy, and cloud services. Despite these efforts, the company acknowledges ongoing challenges posed by geopolitical issues, technological sanctions, and trade barriers, according to Ken Hu. [Huawei, in Chinese]