Huawei reported its Q1 2024 performance with revenue of 1.79 trillion yuan and net profit of 197 billion yuan, marking a significant increase compared to the same quarter in 2023.
Representatives of Huawei noted the volatile nature of the global industry and market throughout the year. The company continues to advance its global operations to support future growth in various business sectors.
In the previous quarter, Huawei’s standout products in the smartphone category include the Mate 60 series, with high sales in China leading to market share gains against Apple. Additionally, the recent launch of the Pura 70 series offers features like satellite phone calls.
Source: Phone Arena
TLDR: Huawei reports strong financial performance in Q1 2024, showcasing growth in revenue and net profit. The company remains focused on expanding its global operations and releasing innovative smartphone models.
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