#huawei 2024

Huawei Technologies witnessed its biggest growth in four years in 2023, indicating a significant rebound from U.S. Although Huawei did not provide a detailed breakdown of the consumer segment, it includes its handset division, which experienced a resurgence last year, particularly with the Mate 60 series, overcoming challenges posed by U.S. sanctions have limited Huawei's access to American technology and markets, alleging security concerns, a charge vehemently denied by the company. Despite this, 2023 marked Huawei's third consecutive year of growth following a significant revenue dip in 2021 due to chip supply shortages. Huawei, typically known for its elaborate press conferences, opted for a low-key approach this time, foregoing its annual launch events. A portion of this surge was attributed to continued payments from the sale of the Honor smartphone brand, sold by Huawei in November 2020. Despite challenges, Huawei's core ICT infrastructure business remained steady, while its cloud division expanded by over 20%, raking in revenue of CNY 55.3 billion. Huawei makes some of the most interesting little gadgets around and when I visited their booth at CommunicAsia yesterday, they've got a dozens of Pocket WiFi and USB sticks for all sorts of cellular network on display. Read more in our articles including "Huawei earnings continue to bounce back from 2019" and "Apple to revamp Siri with Google Gemini and NVIDIA partnerships".