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Huawei 2024 revenue surges to near-record high as China smartphone comeback takes hold

The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCHuawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated.Huawei reported revenue for 2024 of 862.1 billion Chinese yuan ($118.2 billion), a 22.4% year-on-year rise.It is the company's second-highest revenue figure ever, according to CNBC calculations, just shy of the record 891.4 billion yuan reported for 2020.Net profit fell, however, to 62.6 bill...

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