Huawei sales revenue to exceed $99 billion in 2023: Huawei Chairman

The Rotation Chairman of Huawei – Hu Houkun recently delivered a speech on the occasion of the New Year and mentioned that the company’s sales revenue is expected to exceed 700 billion yuan ($99 billion) in 2023.

Houkun mentioned that after years of dedication and determination, Huawei has started regaining its position in the market. The overall technical tasks and operations are back to normal which will ultimately boost the sales outcome this year.

In recent times, Huawei has faced many difficulties. Internal and external factors continued to rupture the communication services and network solutions for Chinese customers. Besides, the technical and trade sanctions had a major impact on the company’s business.

However, Huawei continued to pace ahead with hard work and significant upgrades. The company established several network infrastructures in China within less time to facilitate efficient user service. Moreover, such external challenges contributed to reshaping the global industrial chain and business protocols.

Three Aspects of Development

At the same time, the Chinese tech giant brought its focus on three primary aspects of development: digitalization, intelligence, and low-carbonization. These points helped the company to work on innovation, complex software and hardware, and join hands with more partners to offer high-quality facilities to users.

Huawei is also working on large AI models for industry development and large-scale applications. The company is looking forward to developing the world’s leading computing power base that can prosper multiple industries.

Together, these strategies will help the company regain its market value and expand the business to a greater extent. In the speech, the Rotating Chairman cited that apart from sales, Huawei’s ICT infrastructure is becoming stable, the smartphone business will reach new heights, digital and cloud sectors will see better growth and smart car solutions will be improved.

No doubt, these initiatives will simultaneously help Huawei to bring back its business operations on normal mode and achieve over 700 billion yuan ($99 billion) in sales revenue in 2023.

New Area to Focus in 2024

Hu Houkun also talked about future plans and said that in 2024, the company will focus more on value creation. It will continue to ensure the security and stability of the network platforms. Meanwhile, it will look after the ecological construction to build up powerful computing sectors.

On the flip side, Huawei will simplify its overall management to optimize the business accurately without risking the users’ security. Everything combined, the company will continue to carry out operations in the business environment, network security, and privacy protection to safeguard the business development.

(Via)