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 large Huawei continues to develop and take market share from Apple, regardless of U.S. proscribing 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 response to native state media. Huawei didn’t remark when contacted by CNBC.
That is a 22% bounce in income from 2023, and the quickest development since a 32% improve in 2016, in response to CNBC calculations of publicly launched figures. Huawei sometimes publishes its annual studies in March.
Liang, talking at an area authorities convention, described Huawei’s client enterprise as “returning to development” and automobile options enterprise as seeing “speedy improvement,” in response to a CNBC translation of the Chinese language-language report. He stated Huawei’s info and communications know-how enterprise — which has been the biggest phase by income — “remained steady.”
Since 2019, the U.S. has restricted Huawei’s capacity 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 almost 29% in 2021. Its client phase was hit arduous, and whilst income rose 17% 12 months on 12 months 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 12 months, climbing from fourth to second place by market share, whereas Apple fell to 3rd place with a 17% drop, in response to Canalys information. Vivo, identified 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 presents obtain speeds related to 5G — due to a complicated semiconductor chip.
Simply over a 12 months later, Huawei launched the Mate 70 smartphone sequence that makes use of the corporate’s first totally self-developed working system, HarmonyOS NEXT.