Huawei, the Chinese tech giant, reported a revenue of 456.6 billion yuan for the first three quarters of 2023, with profits rising by 178% year-on-year. In the September quarter, Huawei's net profit surged 118% to $3.6 billion, driven by its biggest achievement in chip technology. Meanwhile, Honor reclaimed the top spot in China's smartphone market, with Vivo and Oppo following closely behind.
Huawei more than doubled its third-quarter earnings thanks to the shocking release of the 5G Mate 60 series. https://t.co/ZtA5JGFx8K
Huawei's Profit Doubles With Made-in-China Chip Breakthrough https://t.co/nQ673Gj7Ue
Honor has reclaimed the top spot in China, according to recently released Q3 smartphone market performance reports, with Vivo and Oppo following closely behind. https://t.co/mNdMN7uN9U
Huawei’s profit more than doubled in the September quarter when it unveiled its biggest achievement in chip technology, adding to signs the tech giant is steadying a business rocked by U.S. sanctions. Net profit surged 118% to $3.6 billion. https://t.co/Ykax4VOOrX
Recall the US sought to crush Huawei out of existence? Huawei reported revenue of 456.6bn yuan for the first three quarters of 2023 whilst profits rose by 178% yoy.