In 2022, leading international smartphone manufacturer Huawei generated a revenue of about 642 billion yuan.
Background 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. Since this change, Huawei has earned almost 350 billion yuan, compared to almost 284 billion yuan from the carrier network business. 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; generating the largest share of Huawei’s revenue.
Huawei in the world
Nowadays, Huawei’s brand recognition has been enhanced so much that most people in the world are aware of them. This has been aided by the introduction of Huawei’s smartphones to various key markets in the rest of the world. In the first quarter of 2012, Huawei’s smartphone shipments accounted for around three percent globally, and after just a couple of years, the company’s market share has reached over 8 percent. Huawei’s global shipments have doubled in the past three years, from slightly over 107 million units in 2015 to 240 million units in 2019.
Revenue of Huawei from 2012 to 2022
(in billion yuan)
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