Huawei Returns to Revenue Peak with Diversified Growth
Huawei is on track to achieve nearly 860 billion yuan in revenue for 2024, driven by diversification into new tech sectors and a resurgence in its consumer business despite facing U.S. sanctions.
Published on March 29, 2025
Huawei is set to reclaim its former glory by reaching nearly 860 billion yuan in revenue in 2024, a figure close to its 2020 peak. The firm has broadened its portfolio, venturing into smart-driving technology, software development, and advanced chipmaking. Its consumer business is experiencing a robust rebound with increased smartphone shipments and strong sales in the electric vehicle market.
Recent reports underscore this turnaround. Reuters noted on March 28, 2025, that the recovery comes amid a 22% revenue growth from the previous year, even as the company navigates ongoing U.S. sanctions. Earlier, on February 5, 2025, Reuters highlighted that Huawei's strategic push has captured a notable share of the Chinese smartphone market. Furthermore, a Financial Times report from November 26, 2024, detailed the launch of the flagship Mate 70 phone featuring the homegrown HarmonyOS Next, marking a significant step in Huawei’s evolution as it competes with global tech giants.