Recently, Xiaomi shared its financial results for the year 2023 with the public. Here, we saw that the company more than doubled its revenue. Today, Huawei has announced its financial results for 2023. So, how much was Huawei’s revenue in 2023?
Despite all the embargoes, Huawei’s revenue increased in 2023!
According to the latest financial reports, Huawei is continuing its growth trend with confidence. The company, as revealed in the latest quarter, made a whopping $1.9 billion profit, thereby increasing its earnings by about 65% compared to the previous year. It is said that the biggest factor behind this success is Huawei’s significant sales superiority over Apple products in its home country, China.
Especially in the mobile sector, with the launch of the Mate 60 series, the company has managed to push iPhones into the background in the country. It is noted that Apple management has also been alarmed by this situation, and it is rumored that Tim Cook himself will make a move to China. Here are the most important details about the matter…
It is among the claims that Huawei’s significant investments in the cloud computing sector in recent times have yielded positive results, giving the company a significant competitive advantage against Alibaba, which dominates this sector in the country.
In addition, the fact that the company has achieved all these successes in the face of a comprehensive American embargo has emerged as a factor that receives great appreciation. It is known that the brand also receives great support from the Chinese government. We can say that this support had an impact on the earnings announced recently.
In addition, it is discussed that the company’s entirely self-produced 7-nanometer processors also provide a significant cost advantage. We can also expect to see Huawei processors with even smaller nanometer sizes very soon. We hope that these developments, which have caused concern for many American companies, especially Apple, will ultimately be beneficial for users.
Important details came from Chinese sources for the Huawei P70 series. It is said that the company may organize a launch in April.
So what do you think about this issue? Do you think Huawei will be able to sustain this positive trend? Do you use Huawei products? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.
We want to keep you updated with notifications.