Despite US sanctions, Huawei records the fastest growth in 4 years. Revenues in 2013 rose 9.63% from the previous year to 704.2 billion yuan ($97.48 billion) In 2019, the United States imposed restrictions on Huawei's access to American technology, and accused the company of posing a security threat, which Huawei denies.
The year 2023 is the third consecutive year of growth for Huawei. It is attributed to the revival of its business in competition with the iPhone produced by the American giant Apple, and the rise of its cloud sector.