Technology

Chinese tech giant Huawei says profits fell 28% last year

Published March 31, 2025 Updated March 31, 2025 01:15pm
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BEIJING: Chinese telecommunications giant Huawei said on Monday its profits fell 28 percent in 2024 as the smartphone maker faces international economic uncertainty and weak consumption at home.

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Huawei recorded 62.6 billion yuan ($8.6 billion) in net profit last year, down from 87 billion yuan in 2023, the company said.