Huawei Revenue Grows at Fastest Pace Since 2016 as Chinese Telecom Giant Shrugs Off us sanctions

Beijing – Chinese Telecommunications and Smartphone Giant Huawei Continues to Grow and Take Market Share from AppleDespite us restricting the company’s access to high-end technology.

Huawei’s Revenue Exceded 860 Billion Yuan ($ 118.27 Billion) in 2024, Chairman Howard Liad Liad Whid Wednsday, According to Local State MediaHuawei did not comment when contacted by cnbc.

That’s a 22% Jump in Revenue from 2023, and the Fastest Growth Since A 32% Increase in 2016, According to CNBC Calculations of Publicly Released Figures. Huawei typical Publishes Its Annual Reports in March,

Local Government Conference, Described Huawei’s Consumer Business as “Returning to growth” and car solutions as seeing “Rapid Development,” Acording Development of ” Language report. He Said Huawei’s ICT Business – which has been the largest segment by review – “Remained stable.”

Since 2019, The US has restricted huawei’s ability to access technology from American suppliers, from advanced 5G chips to Google’s Android Operating System,

Huawei’s Revenue Barely Grew in 2020, and Plunged By Nearly 29% in 2021. Its consumer segment was hit hard, and even as revanue rose 17% Year on Year to 251.5 Billion Yuan In 2023, IT VAS JUS unit generated at its Peak in 2020,

Huawei’s Smartphone Shipments in Mainland China surgged by 37% Last Year, Climbing from Fourth to Second Place by Market Share, While Apple Apple Fell to Third Place with A 17% Drop, According to Canalys DataVivo, Known for its budget-priced devices, ranked first by market share in 2024, the data showed.

The Telecommunications Company Started to Make a Comeback in the Smartphone Market in 2023 With the release of its mate 60 pro in China. Reviews indicated the device offers download Speeds Associated with 5G – Thanks to an advanced semiconductor chip.

Just over a year laater, Huawei launched the mate 70 smartphone series That uses the company’s first fully self-determed operating system, harmonyos next.