Chinese tech giant Huawei reports tepid consumer revenue growth for the first half of 2023

South Africa News News

Chinese tech giant Huawei reports tepid consumer revenue growth for the first half of 2023
South Africa Latest News,South Africa Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.

Cloud services brought in revenue of 24.1 billion yuan, while intelligent automotive solutions — whose products include tech for new energy vehicles — saw revenue of 1 billion yuan in the first six months of 2023.

The consumer segment is the only unit with year-on-year comparable figures since Huawei didn't start reporting revenue breakdown by cloud and other industries until late last year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Women's World Cup: How to watch as Spain faces the Netherlands and Japan takes on Sweden in huge quarterfinal clashes | CNNWomen's World Cup: How to watch as Spain faces the Netherlands and Japan takes on Sweden in huge quarterfinal clashes | CNNThe 2023 Women’s World Cup quarterfinals get underway with two big matches on Friday. First up, it’s a clash between European heavyweights Spain and the Netherlands, before Japan takes on Sweden for a place in the semifinals.
Read more »

Germany's Delivery Hero Raises Revenue Guidance for 2023, Reports H1 ProfitGermany's Delivery Hero Raises Revenue Guidance for 2023, Reports H1 ProfitDelivery Hero, a German online takeaway food company, has increased its full-year revenue outlook after achieving a profit in the first half of the year due to accelerated growth. The company expects total segment revenue growth of approximately 15% for the fiscal year. Additionally, Delivery Hero's adjusted EBITDA swung to a profit in H1. As a result, the company's shares have risen by 5%.
Read more »

Electric Lamborghini prototype set for 2023 Monterey Car WeekElectric Lamborghini prototype set for 2023 Monterey Car WeekLamborghini is planning to showcase its first electric vehicle prototype at the 2023 Monterey Car Week. The EV is expected to have a range of at least 300 miles and spacious rear seats suitable for adults.
Read more »

Fall 2023 Transit SchedulesFall 2023 Transit SchedulesSun Tran's wheels are gearing up for a new full schedule with longer hours and into the weekend and modified routes. Starting Monday, Aug. 14, Sun Link is extending hours until 2 a.m. on Thursday, Friday and Saturday. Beginning Monday, Aug. 21, the following Sun Tran, Sun Express and Sun Shuttle routes will have adjustments: Sun Shuttle Rt. 413 – New service route, time-point stops have changed and schedule changes Rt. 421 – Added additional stops Rt. 430 - Neighborhood labels
Read more »

Americans Saving Less in 2023: Here's WhyAmericans Saving Less in 2023: Here's WhyThe U.S. personal savings rate has significantly dropped in 2022, reaching a 15-year low of 2.7%. This decline follows a period during the pandemic when households were saving as much as 30% of their monthly income. The decrease in savings could potentially lead to economic challenges.
Read more »

Lexus RC F Review 2023Lexus RC F Review 2023Read the definitive Lexus RC F 2023 review from the expert What Car? team. Check specs, prices, performance and compare with similar cars. The Lexus RC F is a performance coupé that appears to be a bit of an anomaly in the age of electrification. You see, while there used to be a hybrid version available (the RC 300h), that's been dropped from the line-up. That means you can have a thumping great non-electrified V8 petrol engine – or take your money elsewhere.
Read more »



Render Time: 2025-02-28 06:33:24