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Huawei sees 22% growth, govt/enterprise revenue up 25%
On March 20, during the Huawei China Partners Conference, Executive Director Wang Tao announced that Huawei’s revenues for 2024 surpassed 860 billion yuan (around US$120 billion). This reflects a 22% increase from the previous year.
The government and enterprise sector in China experienced a revenue increase of over 25%. This growth indicates Huawei’s efforts to strengthen its position in the domestic market.
The company noted its stable performance despite changing market conditions. It attributed the results to strategic planning and advancements in the information and communications technology (ICT) sector.
Recent Huawei developments
| Timeline |
|---|
| 19-Mar-2025 🤖 Huawei appoints new head of its AI division Noah’s Ark Lab Huawei appoints Wang Yunhe as head of AI research lab, boosting its AI capabilities amid competition and US sanctions. |
| 14-Mar-2025 📈 Huawei’s HarmonyOS surpasses iOS in China HarmonyOS overtakes iOS in China’s smartphone market share for four consecutive quarters, reaching 19% by end of 2024. |
| 27-Feb-2025 📱 Huawei to launch first HarmonyOS Next smartphone in March Huawei is set to launch its first smartphone with HarmonyOS Next in March, showcasing new advancements in technology. |
| 21-Feb-2025 🚘 Huawei, SAIC Motor partner for intelligent new EVs SAIC Motor partners with Huawei to develop new electric vehicles, merging automotive and tech sectors for enhanced innovation. |
| 12-Feb-2025 🚗 Huawei, SAIC to launch new EV brand for younger market Huawei and SAIC launch joint EV brand ‘Shang-Jie’, targeting young consumers with mid-to-high priced electric vehicles. |
| 06-Feb-2025 📈 Huawei hits $118b revenue, fastest growth in 4 years Huawei’s 2024 revenue hits 860 billion yuan, a 22% rise, marking its fastest growth in four years across various sectors. |
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