In 2023, Huawei generated a revenue of 362 billion yuan from its carrier business. From the segment revenue, it becomes evident that originally Huawei was not mainly a smartphone or consumer electronics company. Instead, the company's core business used to be the carrier business, which included telecommunication infrastructure such as network base stations. With the consumer business losing almost half of its revenue in 2021, other segments are gaining more relevance again.
Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2023
(in billion yuan)
Characteristic
Revenue in billion yuan
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In 2023, Huawei changed the segments in the industry breakdown. The previous carrier business has been encompassed with the enterprise business under the umbrella of ICT infrastructure business. Because of the revision of the segments, data prior to 2021, has limited comparability with the data from 2022 onwards.
Values have been rounded.
One yuan equals 0.14 U.S. dollars and 0.13 euros (as of May 2024).
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Huawei. (March 27, 2024). Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2023 (in billion yuan) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1309593/huawei-carrier-segment-revenue/
Huawei. "Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2023 (in billion yuan)." Chart. March 27, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1309593/huawei-carrier-segment-revenue/
Huawei. (2024). Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2023 (in billion yuan). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1309593/huawei-carrier-segment-revenue/
Huawei. "Annual Revenue of The Ict Infrastructure Business of Huawei from 2016 to 2023 (in Billion Yuan)." Statista, Statista Inc., 27 Mar 2024, https://www.statista.com/statistics/1309593/huawei-carrier-segment-revenue/
Huawei, Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2023 (in billion yuan) Statista, https://www.statista.com/statistics/1309593/huawei-carrier-segment-revenue/ (last visited July 22, 2024)
Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2023 (in billion yuan) [Graph], Huawei, March 27, 2024. [Online]. Available: https://www.statista.com/statistics/1309593/huawei-carrier-segment-revenue/
