Huawei aims to double smartphone shipments to 70m next year

New export controls expected from U.S. could thwart ambitious comeback plans

20231010 Huawei MATE 60 phone

 Huawei's release of the 5G-capable Mate 60 Pro took markets and policymakers by surprise.  © Getty Images

CHENG TING-FANG, Nikkei Asia chief tech correspondent

TAIPEI -- Huawei has been stockpiling components for months as it aims to double its smartphone sales next year despite expectations of a further U.S. crackdown.

Huawei's goal is to ship between 60 million and 70 million phones in 2024, two industry executives told Nikkei Asia, doubling shipments compared with this year and last. The company has also been building up its inventory of lenses, cameras, print circuit boards and other parts since earlier this year to meet that goal, multiple supply chain managers and analysts said.

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