As a leading smartphone manufacturer globally, Huawei generated revenue of about 281.5 billion yuan from its carrier network business in 2021.
Revenue 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 300 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; the largest share of Huawei’s revenue.
Smartphone business of Huawei
As Huawei’s smartphones were introduced to various key markets worldwide, Huawei’s brand recognition enhanced a lot. In the first quarter of 2012, the company’s smartphone shipments accounted for around three percent globally, and after a couple of years, their market share had already surpassed eight percent in the world, and was even higher in the domestic Chinese market. The global shipments of Huawei products has doubled in the past three years, from slightly over 107 million units in 2015 to 240 million units in 2019.
Huawei's revenue by business segment from 2012 to 2021
(in billion yuan)
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Huawei. (March 28, 2022). Huawei's revenue by business segment from 2012 to 2021 (in billion yuan) [Graph]. In Statista. Retrieved December 03, 2022, from https://www.statista.com/statistics/368519/revenue-of-huawei-by-business-segment/
Huawei. "Huawei's revenue by business segment from 2012 to 2021 (in billion yuan)." Chart. March 28, 2022. Statista. Accessed December 03, 2022. https://www.statista.com/statistics/368519/revenue-of-huawei-by-business-segment/
Huawei. (2022). Huawei's revenue by business segment from 2012 to 2021 (in billion yuan). Statista. Statista Inc.. Accessed: December 03, 2022. https://www.statista.com/statistics/368519/revenue-of-huawei-by-business-segment/
Huawei. "Huawei's Revenue by Business Segment from 2012 to 2021 (in Billion Yuan)." Statista, Statista Inc., 28 Mar 2022, https://www.statista.com/statistics/368519/revenue-of-huawei-by-business-segment/
Huawei, Huawei's revenue by business segment from 2012 to 2021 (in billion yuan) Statista, https://www.statista.com/statistics/368519/revenue-of-huawei-by-business-segment/ (last visited December 03, 2022)