Huaweis net profit is growing at a breakneck pace for Android
- 16.08.23
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The company has been on a good trend for the third quarter in a row. The huge profit growth is due to the development and coverage of increasingly large technological areas. Also, updates within the smartphone production units softened the blow from sanctions from the West.
The company received 178.8 billion yuan in revenue for the 2nd quarter, which shows an increase of 4.8%. These are calculations by Bloomberg, which were carried out on the basis of Huawei reports for 2023. Net profit has generally tripled, reaching 26.8 billion yuan, which is $3.7 billion. Of course, the sale of the Honor division, as well as parts from server management, got into the statistics. The company itself justifies the data with a competent strategy and built-in sales systems.
Due to the fact that the company began to get into public sectors, for example, coal mining, converting it into a digital work format, it has increased its customer base, which still keeps them from falling.
Also, to replenish the companys treasury, it was decided to delve into the domestic market of the country, providing support and services to enterprises at the development stage. In addition, automotive companies are working together with Huawei, introducing HarmonyOS into on-board computers.