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Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in an internal new year message seen by Reuters. The figure indicates around 9% year-over-year revenue growth from the 642.3 billion yuan reported in 2022. The forecast offers further evidence that Huawei is rebounding after U.S. sanctions starting in 2019 crippled some of its business lines by restricting access to critical global technologies such as advanced chips. In a surprising move in August, Huawei launched its Mate60 series of smartphones, which are believed to be powered by a domestically developed chipset. The release was widely viewed as marking Huawei's comeback into the high-end smartphone market after years of struggling under US sanctions. Huawei's smartphone shipments surged 83% in October year-on-year, helping the overall Chinese smartphone market to grow 1...

BEIJING: China's Huawei Technologies on Friday started presales for its Mate 60 Pro+ smartphone , adding a new version to a series that has captured global attention for revealing the Chinese tech firm's success in beating back against US sanctions. With no prior advertising, as it did for the launch of the Mate 60 Pro smartphone last week, the company announced on its official online store that it would start taking orders for the phone from 10:08 a.m. (0208 GMT) with delivery by Oct. 9. Specifications the company provided for the phone touted its capability to link-up to two satellites concurrently and larger internal storage versus the Mate 60 Pro. It did not release its price. Speed tests shared by buyers on Chinese social media have suggested that the Mate 60 Pro is capable of download speeds exceeding those of top-line 5G phone s. A tear-down analysis firm TechInsights has also found that the phone is powered by a new Kirin 9000s chip that was made in ...

BENGALURU: India's 5G smart phone shipments will exceed that of 4G shipments by the end of next year, driven by the mass adoption of the high-speed network and the rise in sale of handsets in the lower-price bands, market research firm Counterpoint said on Thursday. Although India's overall smartphone shipments are estimated to see a yearly decline this year due to component supply issues and macroeconomic factors, 5G will continue to push smartphone demand in 2023 as well, Counterpoint added. 5G data speed in India is expected to be about 10 times faster than that of 4G, with the network seen as vital for emerging technologies like self-driving cars and artificial intelligence. 5G handset share in the lower-price band (less than 20,000 rupees or $241.55) is expected to surge to 30% in 2023 from 4% last year, Counterpoint said. India's telecom leader Reliance is working with Alphabet Inc's Google to launch a budget 5G smartphone after it eme...