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Huawei reported a remarkable 22% revenue growth in 2024, reaching $118.3 billion, defying US sanctions and showcasing resilience in a challenging environment. The surge, driven by strong consumer business and smart car solutions, highlights the company's strategic pivot towards technological self-sufficiency despite a decline in net profit due to heavy R&D investments. This performance raises questions about the effectiveness of trade restrictions and the future of global technology supply chains.
Huawei reported a remarkable 22% revenue growth to 860 billion yuan ($118.3 billion) in 2024, defying US sanctions and showcasing its resilience. The company's success stems from a strategic focus on consumer electronics and smart cars, although net profits fell 13.7% due to heavy R&D investments. As Huawei navigates a challenging global tech landscape, its ability to innovate under pressure highlights new pathways for growth amidst adversity.
Huawei reported a 22% year-on-year revenue increase in 2024, reaching over 860 billion yuan (US$118.3 billion), despite ongoing US sanctions. The growth, driven by consumer electronics and smart car solutions, marks the second-highest revenue in the company's history, showcasing its resilience and commitment to R&D. However, net profit fell by 13.7% to 62.9 billion yuan, attributed to increased capital spending on technology self-sufficiency.
Huang Kunming
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
huawei reports 22 percent revenue growth defying us sanctions in 2024
19:09 06.02.2025
Huawei reports 118.3 billion dollars in revenue defying US sanctions in 2024
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