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Huawei 2024 9-mth report: Revenue rises, net profit dips amid R&D push and US sanctions

Levi Li, DIGITIMES Asia, Taipei Friday 1 November 2024 0

Huawei CEO, ZhengFei Ren. Credit: AFP

Huawei's third-quarter 2024 report reveals strong revenue growth from January to September, driven by consumer electronics, smartphones, and ICT. Despite this, net profit declined due to global competition and US sanctions. Huawei is boosting R&D...

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