Huawei posts solid earnings for 2024
Subscribe to keep reading.
Trivium Tech keeps you briefed on the latest developments in China tech policy.
Already a subscriber? Log in.
What happened: Huawei released its 2024 earnings report on Monday:
Ovall revenue rose 22.4% y/y to RMB 862.1 billion, while net profit dropped 28% y/y to RMB 62.6 billion, mostly due to one-off accounting adjustments after asset sales.
Its smart devices unit, which includes mobile phones, grew 38.3...