Huawei revenue exceeded $118 billion last year, and analysts think the company is showing it’s able to live with U.S. sanctions
The Chinese tech giant's 2024 revenue is a 22% year-on-year increase and marks a return to growth following Washington's restrictions.
Huawei defies US sanctions, reports $118 billion in revenue
Huawei has not just survived US trade restrictions but emerged stronger, defying expectations with a robust financial comeback. The Chinese technology giant reported a revenue of 860 billion yuan ($118.
Huawei chairman says 2024 revenue exceeded $118 bln
Huawei's chairman said on Wednesday that the tech company's annual revenue exceeded 860 billion yuan ($118.27 billion) last year, as it continued to shake off the impact of U.S. sanctions and its consumer business returned to growth.
Huawei manages to pull $118 billion in revenue despite strict U.S. sanctions and restrictions
Huawei's consumer business has bounced back since August 2023, following the launch of new smartphones featuring domestically produced chipsets that bypass U.S. sanctions.
Tech war: Huawei’s 2024 revenue surges 22% despite US sanctions
Last year’s US$118 billion in revenue was the second highest on record for Huawei, and represents 22 per cent year on year growth.
Huawei generated over $118B in revenue in 2024 - report
Huawei Technologies' generated over 860B yuan (about $118.27B) in revenue in 2024, Reuters reported citing the company's Chairman Liang Hua. Liang's was speaking at a forum in Guangzhou, according to Shenzhen Business Daily,
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Huawei revenue rises at fastest pace since 2016 on the back of consumer segment growth
Chinese telecommunications and smartphone giant Huawei continues to grow and take market share from Apple, despite U.S. restrictions.