Huawei revenue surges 23% to $82 bn in 9-months

Tech giant Huawei reported that its revenue rose 22.8 percent to 585.9 billion yuan or $82.34 billion in 9-months of 2024 from 452.3 billion in 9-months of 2023.

Huawei @ MWC Shanghai 2023
Huawei @ MWC Shanghai 2023

Huawei is yet to reveal the break-down in its revenue. Huawei generates sales from smartphones, mobile networks to telecom operators and networks to enterprises.

Huawei posted a 42 percent surge in smartphone sales in China during the third quarter, IDC said last week.

Huawei re-entered the 5G premium smartphone market last year with its Mate 60 series and this year with its high-end P series phones, Reuters news report said.

Huawei posted a 13.7 percent drop in nine-month net profit to 62.9 billion yuan ($8.83 billion) for the January-September period, the telecoms giant and smartphone maker said in a statement to the Shanghai Clearing House.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More like this
Related

Ericsson Relocates Stockholm Headquarters to Hagastaden in Major Innovation and Talent Strategy Move

Ericsson has announced plans to relocate its Stockholm operations,...

Oman Airports Achieves Global First with Airport-Wide Wi-Fi 7 Deployment in Partnership with Huawei

Oman Airports has achieved a global milestone by becoming...

AI Data Center Boom to Push Optical Transport Market Above $18 bn in 2026

The global optical transport equipment market is set for...