Huawei's revenue by business segment 2018-2024

As a leading smartphone manufacturer globally, Huawei generated revenue of about *** billion yuan from its consumer business in 2024. 

Revenue of Huawei

  Huawei is a Chinese multinational technology company, which mainly produces telecommunication services and equipment, with smartphones being one of the companies most popular products sold worldwide. The headquarters is located in Shenzhen, the major technological advancement hub in China. In the last few years, Huawei has shifted its business focus from carrier network to technological innovations. With this transition, both the revenue and the net profit of Huawei surged in the same period, increasing three-fold, though China is still the primary market; the largest share of Huawei’s revenue.

Smartphone business of Huawei

   As Huawei’s smartphones were introduced to various key markets worldwide, Huawei’s brand recognition enhanced a lot. In the first quarter of 2012, the company’s smartphone shipments accounted for around ***** percent globally, and after a couple of years, their market share had already surpassed ***** percent in the world, and was even higher in the domestic Chinese market. However, the impact of U.S. sanctions resulted in the loss of domestic and overseas market shares.