Huawei sees 22.4% revenue growth in 2024, while profits fall 28% · TechNode

Huawei sees 22.4% revenue growth in 2024, while profits fall 28% · TechNode

Huawei earned RMB 862.1 billion ($118.79 billion) from global sales in 2024, marking year-on-year growth of 22.4%, according to its 2024 annual report released on Monday by the Chinese tech giant. This is the second-highest revenue in the company’s history, after the RMB 891.4 billion ($122.83 billion) total recorded in 2020. However, the company’s net profit last year stood at RMB 62.57 billion ($8.62 billion), down around 28% year-on-year. In …

Huawei posts a surprise loss after sanctions spur R&D

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Huawei’s profit took a hit in 2024 — but the company could be playing the long game

Huawei is no stranger to setbacks. It has been battling U.S. sanctions for years, lost access to crucial Western technology, and even had to spin off one of its most successful smartphone brands, Honor, just to keep it alive. And yet, the company keeps moving forward. In 2024, Huawei’s revenue jumped 22% to 862.1 billion yuan ($118.2 billion), its fastest growth in five years. But the good news ends there—profit sank 28% to 62.6 billion yuan ($8…

22.4% Rise in Revenue but 28% Drop in Profit—Huawei 2024, A Financial Paradox

Huawei’s 2024 results show a 22.4% revenue increase but a 28% profit drop, driven by significant R&D investments in AI, cloud, and semiconductors, despite strong growth in consumer business and ICT infrastructure. https://techovedas.com/22-4-rise-in-reve...l-paradox/

2025 - Huawei's Profits Decline by 28% in 2024: What It Means for the Tech Giant

Chinese technology company Huawei is experiencing significant turmoil, reporting a 28% decline in profits despite a 22% revenue increase. This drop is attributed to a weakening domestic market and ongoing U.S. sanctions impacting its supply chain. In response, Huawei has launched innovative products, including a fully local operating system smartphone and the world’s first triple-fold smartphone, enhancing its technological autonomy. However, sk…

Despite the introduction of new phones and other devices, the Chinese company Huawei reported that its net profit fell by 28% in 2024, but at least its revenues increased, as the company invested heavily in advanced technologies. Huawei reported a profit of US$8.6 billion last year. Revenues increased [...] The post Huawei sells more phones but earns less and reports a fall of 28% in 2024 first appeared on TransMedia.