Chinese Telecommunication Gigant Huawei Revenue Revenue In spite of American sanctions

Beijing – Chinese Telecommunications and Gigant of the Huawei Smartphones continue to grow and take a market share of AppleDespite being limited by access to the company with top technology.

Huawei’s revenues exceeded 860 billion Juan ($ 118.27 billion) in 2024, Wednesday, president of Howard Liang said on Wednesday local state media. Huawei did not comment on when they were contacted by CNBC.

This is 22% of revenue jump from 2023, and the fastest growth of an increase of 32% in 2016, according to CNBC budgets of publicly published data. Huawei usually Publishes its annual reports in March.

Liang, speaking at a local government conference, described Huawei’s consumer business as a “return to growth” and car business business as if to see “fast development”, according to CNBC translation of the reports in Chinese. He said that Huawei’s ICT job – which was the biggest segment of revenues – “remained stable.”

The United States has limited Huawei’s ability to access technology from US suppliers since 2019, from advanced 5g chips to Google’s Android operating system.

Huawei’s income barely grew in 2020, and in 2021 fell by almost 29%. His consumer segment is severely hit, and even when the revenue rose by 17% of the year at 251.5 billion yuan in 2023, it was just over half of what the unit created on it Top in 2020 years.

Huawei’s consignment of smartphones in continental China rose by 37% last year, climbing from fourth to second place by market share, while Apple fell to third place with a decline of 17%, According to the canal data. Vivo, known for budget prices, was ranked first according to the market share in 2024, data showed.

Telecommunications Company began to return to the smartphone market 2023 with the release of his Mate 60 Pro in China. Reviews indicated that the device offers download speeds related to 5G – thanks to an advanced semiconductor chip.

Just over a year later, Huawei has launched a series of Mate 70 smartphones This uses the first fully developed company operating system, Harmonyos Next.