Huawei launched the Mate 70 sequence in an occasion in Shenzhen on November 26, 2024. The telephones are the primary able to operating Huawei’s new working system known as HarmonyOS NEXT.
Huawei
BEIJING — Chinese language telecommunications and smartphone big Huawei continues to develop and take market share from Apple, regardless of U.S. limiting the corporate’s entry to high-end know-how.
Huawei’s income exceeded 860 billion yuan ($118.27 billion) in 2024, Chairman Howard Liang stated Wednesday, in accordance with native state media. Huawei didn’t remark when contacted by CNBC.
That is a 22% leap in income from 2023, and the quickest progress since a 32% enhance in 2016, in accordance with CNBC calculations of publicly launched figures. Huawei usually publishes its annual studies in March.
Liang, talking at a neighborhood authorities convention, described Huawei’s client enterprise as “returning to progress” and automotive options enterprise as seeing “fast growth,” in accordance with a CNBC translation of the Chinese language-language report. He stated Huawei’s data and communications know-how enterprise — which has been the most important section by income — “remained steady.”
Since 2019, the U.S. has restricted Huawei’s skill to entry know-how from American suppliers, from superior 5G chips to Google’s Android working system.
Huawei’s income barely grew in 2020, and plunged by practically 29% in 2021. Its client section was hit arduous, and at the same time as income rose 17% yr on yr to 251.5 billion yuan in 2023, it was simply over half of what the unit generated at its peak in 2020.
Huawei’s smartphone shipments in mainland China surged by 37% final yr, climbing from fourth to second place by market share, whereas Apple fell to 3rd place with a 17% drop, in accordance with Canalys information. Vivo, identified for its budget-priced units, ranked first by market share in 2024, the info confirmed.
The telecommunications firm began to make a comeback within the smartphone market in 2023 with the discharge of its Mate 60 Professional in China. Critiques indicated the machine gives obtain speeds related to 5G — because of a complicated semiconductor chip.
Simply over a yr later, Huawei launched the Mate 70 smartphone sequence that makes use of the corporate’s first totally self-developed working system, HarmonyOS NEXT.
