Huawei Technologies saw its fastest growth in four years in 2023, accelerating its recovery from US sanctions.
Author: David Kirton
Huawei Technologies will not support Android apps on the latest iteration of its in-house Harmony operating system.
Huawei saw a slight uptick in revenue in the first three quarters of 2023, with growth in its digital power and cloud businesses.
Xiaomi recorded a 4% fall in revenue in the second quarter, tracking a continued sales decline in China’s handset market.
Huawei’s handset business is “on the road to a comeback”, said Richard Yu, head of the company’s consumer business.
Huawei Technologies is said to be plotting a return to the 5G smartphone industry by the end of this year.
Huawei said it was “out of crisis mode” as it posted a small increase in annual revenue, adding it was making headway with replacing components affected by sanctions.
Huawei Technologies on Thursday launched the P60 smartphone with a top-end camera and 4G connectivity only.
Ren Zhengfei has told employees the company must shift its focus from pursuing scale to ensuring profits and cash flow.