Huawei Sales Near $100 Billion in Year of China's Surprise Breakthroughs
- The Chinese national champion’s sales bounced back this year
- Huawei made its mark with chip advances in a turbulent 2023
The Huawei flagship store in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Huawei Technologies Co.’s revenue surged 9% in 2023, capping a dramatic year for a Chinese technology powerhouse that challenged Apple Inc. and US sanctions with a surprise breakthrough in chip technology.
Sales jumped to more than 700 billion yuan ($98.7 billion), their fastest pace of growth in years thanks to a resurgent smartphone business and robust 5G equipment sales. On a quarterly basis, revenue climbed 27% to at least 243.4 billion yuan, based on Bloomberg’s calculations off the annual figure. That’s a sharp acceleration from the third quarter’s slight rise.