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flag Huawei reports record revenue of $118.2 billion in 2024, despite US sanctions and drop in net profit.

flag Huawei reported a 22.4% increase in 2024 revenue to 862.1 billion yuan ($118.2 billion), marking its second-highest revenue ever. flag Despite a 28% drop in net profit to 62.6 billion yuan, the company's consumer business, particularly smartphone sales in China, surged 38.3% to 339 billion yuan. flag Huawei has been adapting to US sanctions by diversifying into AI, cloud computing, and automotive technology.

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