Huawei Set to Announce Triumph Over U.S. Sanctions with Strong 2024 Revenue

Huawei is poised to announce a strong financial performance for 2024, signaling a triumph over U.S. sanctions. The company expects to report revenues of 860 billion yuan ($118 billion), nearing its 2020 peak. This recovery is attributed to its push into software, advancements in chip technology, and a booming smart-driving tech business. Huawei's consumer business has returned to growth, and its automotive ventures are expanding rapidly. The company reportedly shipped over 45 million phones in 2024, a 25% increase year-over-year. Huawei has also developed its own operating system, HarmonyOS, now running on over a billion devices, and an internal software management system called 'MetaERP'. The company is aggressively expanding its presence in the autonomous driving sector, partnering with several automakers. Huawei aims to integrate AI into its industrial communications services and expand its software systems on connected devices.