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Published on: 01. May 2024

Huawei profit increases by 564 percent

epa09857046 A view of the Huawei logo inside a store in Beijing, China, 29 March 2022. China's Huawei recorded profit despite losing sales in 2021 as Huawei's Chief Financial Officer Meng Wanzhou made her first public appearance after being released by Canadian authorities six months ago. EPA-EFE/MARK R. CRISTINO

The Chinese technology group Huawei is taking more and more market share from its US rival Apple. Despite the US sanctions, the company reported an increase in profits for the fourth quarter in a row. Phone sales increased by 70 percent.

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Last updated: 24. July 2025

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