Huawei's 2024 Comeback: All Intelligence Strategy Drives Revenue Surge, Future Focused.
waker jiang
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6-26Sophia: Seriously, though, considering the absolute rollercoaster Huawei has been on globally, seeing them pull off their fastest revenue growth in five years for 2024 is just mind-boggling. How on earth did they even manage that?
David: You know, it's a classic, textbook example of playing the long game. We're talking about their overall revenue hitting something like 862 billion RMB – that's a whopping 22.4% leap! But honestly, the revenue number, while impressive, isn't even the real story. It's all about their investment.
Sophia: Okay, so what's the deal with this massive R&D spend? We're talking over 20% of their revenue, and apparently, it even knocked their net profit down by 28%. What does that tell us about what they're *really* focused on?
David: It screams technological self-reliance at the top of its lungs. They literally dumped almost 180 billion RMB back into R&D. That's not just a big bet; that's like, a 'bet-the-farm' kind of bet! They're basically saying, We'll take a hit on short-term profits if it means gaining long-term strategic control. It's all about building this All Intelligence foundation.
Sophia: And clearly, this whole foundational strategy has just blown the doors open for some incredible shifts in their individual business segments. We absolutely have to dig into those.
David: Oh, absolutely. Let's peel back the layers and really get into some of the most striking comebacks and breakthroughs we've seen from their various business units, especially when you look at consumer devices and, get this, smart cars.
Sophia: Okay, the consumer device story, in particular, is just *wild*. I mean, after all those severe restrictions they were slammed with, how shocking is it that their smartphone business not only came back but came back *this* strong?
David: Incredibly surprising doesn't even begin to cover it. Their terminal business revenue just rocketed up over 38%! And get this – they actually *surpassed* Apple in market share in China during the first quarter. That's not just luck; that's a direct payoff from their homegrown tech, like HarmonyOS.
Sophia: And then there's the automotive side, right? I had a feeling that was another massive win for them. What's the scoop there?
David: Oh, a *colossal* one. Their Intelligent Automotive Solutions unit basically exploded, with revenue surging by over 470%! And here's the kicker: it actually turned a profit for the very first time. It just goes to show you their diversification strategy isn't just paying off; it's paying off in spades.
Sophia: It really feels like all these jaw-dropping, segment-specific achievements are just so deeply rooted in their unwavering commitment to self-reliance and building out these massive ecosystems. Which, of course, brings us perfectly to our final point.
David: Exactly. So, beyond all these mind-blowing numbers, what's the real, deeper strategic meaning behind this continuous, almost absurdly massive investment in R&D?
Sophia: My take? It has to be about building an impenetrable fortress. They're crafting an entire ecosystem that they control from the ground up, top to bottom, so they're never, ever dependent on outside tech again.
David: Precisely! Think about this: over half their entire workforce – that's more than 113,000 people – are dedicated *just* to R&D. And HarmonyOS? It's already powering over 900 million devices. They're not just making gadgets; they're literally constructing an entire, self-sustaining technological universe.
Sophia: So, it's clear this strategic foresight and their absolute commitment to foundational technologies aren't just about padding their bottom line. They're really speaking to a much broader, bolder vision for the entire future of technology.
David: Couldn't agree more. The 'All Intelligence' strategy is definitely fueling this incredible revenue surge, but when you zoom out, their true focus is undeniably on building and securing a totally self-sufficient future.