Huawei Revenue and Growth Statistics (2024)
Huawei Interesting Key Facts
- 80% of the world’s top 50 telecoms companies had worked with Huawei at the beginning of 2010.
- Huawei claims that their company is 100% fully owned by its employees. However, this claim is met with various negative criticisms stating that this claim is misleading and that it is not true.
- Tony Podesta was hired by Huawei as a consultant and lobbyist in hopes that the company’s relationship will go smoothly with President Biden’s administration. He is the brother of Jon Podesta, White House Deputy Chief of Staff.
- In 2020, Huawei managed to dethrone Samsung as the leading company in the smartphone industry.
- However, Huawei’s market share and revenue fell by a large margin. This happened after the U.S. government restricted Huawei’s purchase transactions with dozens of U.S. tech companies that supply them with phone parts and components.
- Ren Zhengfei, the founder and CEO of Huawei, started the company at the age of 43.
- In 1977, Ren Zhengfei won an award for his successful development of air pressure balance.
- Ren Zhengfei has always been the president of Huawei since 1998.
- In 1983, even though he was appointed as the deputy general of the company he worked for, Ren Zhengfei only earned 100 yuan per month.
- Ren Zhengfei resigned afterward, divorced his wife, and lived in a ten-square-meter house with his parents and nephews.
- In 1987, Shenzhen Huawei Technology Co., Ltd. was founded.
Sources: RCR Wireless News, New York Times, Politico,
Huawei: Company Overview (About)
Join us, as we’re going to look at Huawei’s stats throughout the years.
At a glance:
What is Ren Zhengfei’s net worth?
According to Forbes, Ren Zhengfei has a net worth of $1 billion.
Source: Forbes
How much is Huawei worth?
Huawei is worth $154 billion in 2021, according to Huawei Central.
Source: Huawei Central
What is Huawei’s global market share?
Most recent data shows that Huawei had a market share of 8.4% in 2020.
Huawei had a dominating presence in the global market share throughout the years. They even took the crown from Samsung and became the leading smartphone seller in Q2 2020.
However, Huawei started to fall out of the top 5 when the U.S. government restricted them from purchasing component parts from U.S. tech companies.
Also, in 2022, the U.S. banned the sale of Huawei’s telecommunication products and ZTE products, so we might be seeing a diminishing Huawei presence in the global market share.
These were Huawei’s market shares per quarter from Q1 2017 to Q4 2020.
Quarter-wise, Huawei had the highest market share in Q2 of 2022, at 20%.
Source: Statista, Phone Arena,CNBC 1, CNBC 2, BBC
Huawei Revenue
Huawei had RMB 636.81 billion or $98.71 billion in 2021. Meanwhile, the company’s revenue was higher in 2019 and 2020 compared to their revenue in 2021.
Huawei’s revenue in USD as calculated through the average exchange rates of each year.
Huawei’s revenue in RMB as per the company’s annual report.
Sources: Statista, Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5
Huawei revenue per business segment (2021)
In 2021, Huawei’s greatest revenue came from the Carrier segment, at RMB 281.47 billion.
The second largest segment for Huawei’s revenue in 2021 was the Enterprise segment, with revenue of RMB 102.44 billion.
Sources: Huawei
Huawei revenue per geographical segment (2021)
In 2021, the largest geographical segment for Huawei’s revenue was China, with revenue of RMB 413.30 billion.
Followed by China are Europe, the Middle East and Africa (EMEA), with revenue of RMB 131.47 billion for Huawei (2021).
Sources: Huawei
How much money does Huawei spend on R&D?
Huawei spent $22.12 billion for their research and development in 2021. The expenditure on R&D for that year came from 22.4% of the company’s total revenue.
Huawei’s expenditure on R&D in USD by calculating average exchange rates on each year.
Huawei’s expenditure on R&D according to their annual reports.
Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5
What is Huawei’s gross profit?
Huawei had a gross profit of $47.65 billion in 2021, a small increase of 0.46% from 2020.
Huawei’s gross profits in USD are calculated through average exchange rates in each year.
Huawei’s gross profit in RMB according to the company’s annual reports.
Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5
What is Huawei’s operating profit?
Huawei’s operating profit was $19.04 billion in 2021 with 71.22% increase compared to 2020.
Huawei’s operating profits in USD are calculated through average exchange rates in each year.
Huawei’s operating profit in RMB according to the company’s annual reports.
Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5
What is Huawei’s net profit?
Huawei had a net profit of $17.84 billion in 2021, an increase of 80.02% from 2020.
Huawei’s operating profits in USD are calculated through average exchange rates in each year.
Huawei’s net profit in RMB according to the company’s annual reports.
Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5
What is Huawei’s total assets?
Huawei had a total asset worth $154.18 billion or RMB982.97 in 2021.
Huawei’s total assets in USD calculated through average exchange rates in each year.
Huawei’s total assets in RMB according to the company’s annual reports.
Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5
Huawei Investments
Huawei’s latest investment was on March 2, 2022, that raised $1 million for Innova Solution Tech.
Source: Crunchbase
Huawei Acquisitions
Huawei has a total of 9 acquisitions. Below you can see a list of them.
Source: Crunchbase
How many people work at Huawei?
Huawei had 195,000 employees by the end of 2021.
With almost each new year at Huawei, there are at least 2,000 new employees working for the company.
As per latest data, in the course of 10 years (2011-2021), there have been 55,000 new employees at Huawei.
Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5
How many Huawei employees work on R&D?
A large chunk of Huawei’s employee population works on research and development. Investment on research and development is textbook strategy used by many large corporations and companies to reduce the corporation tax.
At the same time, the company can advance their technology so it’s a two bird in one stone kind of thing.
The table below shows how many Huawei employees work on research and development.
In 2021, there have been 107,000 employees working in R&D at Huawei. That makes almost 55% of Huawei’s total employees.
Note how there have always been at least 44% of the company’s total employees working in R&D at Huawei.
Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5
Who owns Huawei?
Huawei implements Employee Stock Ownership Program wherein employees own the company through the number of shares.
Ren Zhengfei, founder and CEO of Huawei, holds the most number of shares at 0.84% in 2021.
In 2021, there have been 131,507 employees as shareholders within Huawei. For reference, there have been 195,000 people employed at Huawei in 2021.
This means that 63,493 of the total people working for the company were not shareholders of Huawei in 2021.
Source: Huawei
How many people use Huawei?
According to Huawei, more than 3 billion people in the world use Huawei products and services in 2021.
Huawei users’ gender distribution
It is estimated that 71.59% of Huawei’s total users are males, and 28.41% of the users are females.
Source: Similarweb
Huawei users’ age distribution
Source: Similarweb
How many smartphones have Huawei shipped?
Most recent data shows that Huawei shipped 35 million smartphones in 2021.
Huawei had been producing large amount of smartphones throughout the years.
However, we can see the reduction of its shipment in 2020 and 2021 as these are the years in which the US regulations were implemented.
Therefore, lots of Huawei smartphones never made it to the US market in 2020-21.
Source: Huawei, Huawei Central, Phone Arena, CNBC
How many patents does Huawei have?
Huawei has 110,000 held patents in 2021 across 45,000 patent families.
The table below shows us a more detailed look on the number of patents that Huawei held through the years.
The number of Huawei patents grows with at least a few thousands every new year.
Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5
How many partners does Huawei have?
By the end of 2021, Huawei was working with over 38,000 partners from different sectors: sales, solutions, service and operating, talent alliance, and investment and financing.
The number of Huawei partners grew by 8,000 from 2020 to 2021.
Source: Huawei 1, Huawei 2, Huawei 3
How many partners does Huawei have in 2021?
In 2021, over 38,000 partners were working with Huawei worldwide. The table below shows us the breakdown.
Looking at the table, we can see how most of Huawei’s partners are in the Sales industry, totalling over 25,000 of Huawei’s partners.
The second most popular industry is Solutions, with over 5,000 of the total partners at Huawei.
Source: Huawei
How many Huawei Certified ICT Expert certifications (HCIE) presented in 2021?
In 2021, Huawei has presented over 17,000 HCIE certifications. Huawei considers the passers as a valuable resource for industry digitalization worldwide.
Source: Huawei
GCI Ranking according to Huawei’s annual report in 2021
Huawei has the highest GCI in the US, with a score of 87.
These are the top 10 countries with the highest GCI based on Huawei’s annual report by the end of 2021.
Not too far away from the US are Singapore and Switzerland, with a GCI score of 81. Sweden also has a GCI score of 80 at Huawei.
Source: Huawei
Huawei Traffic Summary Overview
Source: HypeStat
Huawei Website Traffic Sources
Most of Huawei’s website traffic comes from direct sources, with 60.42% of the total traffic.
Source: HypeStat
Huawei Traffic Source: Desktop vs Mobile
- 15.84% of the users visit the website through desktop devices
- 84.16% of the users visit the website through mobile devices
Source: HypeStat
Top countries sending traffic to Huawei.com
The #1 country sending traffic to Huawei’s website is China, totalling 70.94%. After China, every country has under 2% of the total traffic sent to the website.
Germany is the second most popular country for Huawei’s traffic, holding 2.07% of the total traffic for the website.
Source: Similarweb
