Huawei Expects $99 Billion Revenue in 2023 Despite US Sanctions

Huawei was once fighting for its survival. It is back to nearly $100 billion in revenue in 2023 | CNN Business 🔗

Huawei said Friday that its revenue climbed 9% this year, solidifying a comeback after a tough couple of years that included being caught in the center of the US-China tech rivalry.

Huawei, the Chinese tech giant, has announced that it expects to generate over $99 billion in revenue in 2023, marking a 9% increase from the previous year. This strong performance is attributed to the success of its Mate 60 Pro smartphone and the company's ability to navigate around US sanctions. Despite ongoing geopolitical and economic challenges, Huawei is optimistic about its future prospects, especially with the launch of new smartphones. The company's resurgence comes after a period of hardship due to US sanctions and allegations of posing a national security risk.

Huawei expects over $99 billion in revenue in 2023, a 9% increase from the previous year
Success attributed to the launch of the Mate 60 Pro smartphone and navigating around US sanctions
The company is optimistic about its future prospects despite ongoing challenges