Huawei launched the Mate 70 collection in an occasion in Shenzhen on November 26, 2024. The telephones are the primary able to working Huawei’s new working system referred to as HarmonyOS NEXT.
Huawei
BEIJING — Chinese language telecommunications and smartphone large 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 mentioned Wednesday, in line with native state media. Huawei didn’t remark when contacted by CNBC.
That is a 22% bounce in income from 2023, and the quickest progress since a 32% enhance in 2016, in line with CNBC calculations of publicly launched figures. Huawei usually publishes its annual stories in March.
Liang, talking at an area authorities convention, described Huawei’s client enterprise as “returning to progress” and automobile options enterprise as seeing “speedy improvement,” in line with a CNBC translation of the Chinese language-language report. He mentioned Huawei’s ICT enterprise — which has been the biggest section by income — “remained secure.”
Since 2019, the U.S. has restricted Huawei’s potential 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 onerous, 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 line with Canalys information. Vivo, recognized for its budget-priced units, ranked first by market share in 2024, the information 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. Opinions indicated the gadget affords obtain speeds related to 5G — because of a complicated semiconductor chip.
Simply over a yr later, Huawei launched the Mate 70 smartphone collection that makes use of the corporate’s first totally self-developed working system, HarmonyOS NEXT.
