Huawei’s 2023 profit more than doubles, as a sales rebound helps tech giant hack a profitable path out of US sanctions
Huawei Technologies’ 2023 net profit more than doubled, as rising sales of its mainstay telecoms equipment and a comeback in consumer products – funded by a record R&D budget – helped the privately held company hack a profitable path out of restrictive US sanctions. The Shenzhen-based firm’s 2023 revenue grew 9.6 per cent to 704.2 … Read more
