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.

Latest

More like this
Related

Deutsche Telekom selects Nokia and Fujitsu for Open RAN network

Deutsche Telekom has selected Nokia and Fujitsu to support...

List of Open RAN deployments and trends to watch

5G Americas in its whitepaper has highlighted the latest...

Huawei share in high-end router market in 3Q

Huawei has demonstrated resilience in maintaining its leadership position...

Huawei shines in mobile core network market in 3Q

Huawei remains a leading player in the Mobile Core...