Huawei sets ambitious target to double smartphone shipments to 70m in the upcoming year

Huawei, the Chinese tech giant, has set ambitious goals to double its smartphone sales next year, despite the anticipated increased restrictions from the U.S. The company’s determination to expand its market share demonstrates resilience in the face of adversity and its commitment to remaining competitive globally.

Industry executives have revealed that Huawei aims to ship between 60 million and 70 million smartphones in 2024. This number is twice the amount of shipments compared to both this year and last. In preparation for this target, Huawei has been actively stockpiling components, including lenses, cameras, and print circuit boards, since earlier this year.

Both supply chain managers and analysts have confirmed Huawei’s efforts to build up inventory. This strategic move ensures a smooth production process and serves as a precautionary measure against potential disruptions in the supply chain. By investing in inventory and focusing on resource management, Huawei aims to guarantee a steady supply of vital components, mitigating potential risks to its production capacity.

The company’s emphasis on strategic planning and proactive measures highlights its long-term vision and dedication to maintaining its position as a leading smartphone manufacturer. Despite the challenges posed by the U.S. crackdown, Huawei remains confident in its capabilities and is making strategic decisions to support its growth objectives.

Huawei’s determination to double its smartphone sales reveals its confidence in the future and its commitment to meeting the demands of its customers worldwide. These actions also indicate that the company is proactively preparing for any scenario that may arise. Huawei’s resilience and willingness to adapt to changing circumstances are key factors contributing to its continued success in the global market.

As Huawei continues to navigate the challenges posed by increasing restrictions, its focus on expanding smartphone sales and ensuring a reliable supply chain position the company for continued growth. With strategic decision-making and a proactive approach, Huawei remains optimistic about its future, even in the face of adversity. The company’s commitment to innovation and meeting customer expectations solidifies its position as one of the world’s top smartphone manufacturers.