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Huawei’s profit doubled in 2023 as smartphone, autos business picked up
Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings.
The telecommunications company made a comeback in the smartphone market in 2023 with the quiet release of its Mate 60 Pro in China in late August. The company at the time cited rising commodity prices, China's pandemic controls and growing research and development spend. The telecommunications company made a comeback in the smartphone market in 2023 with the quiet release of its Mate 60 Pro in China in late August.
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