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Huawei Reports Strong Revenue Growth in 2024, Driven by Smartphones and Domestic Demand


Photo by THE CHINA NOW
Photo by THE CHINA NOW

Summary


  • Huawei's consumer business revenue surged by 38% in 2024, driven by strong smartphone sales and support from domestic consumers.

  • The company’s total annual revenue reached 862.1 billion yuan, its second-highest on record, reflecting a recovery despite ongoing US sanctions.

  • Huawei’s intelligent automotive solutions also saw substantial growth, posting an annual profit for the first time.


 

Huawei Technologies has reported a significant surge in its consumer business, with revenue growing 38% in 2024. The increase, driven by robust smartphone sales, reflects Huawei’s recovery from the impact of US sanctions that have affected its mobile phone operations and international market presence in recent years.

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