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Huawei's revenue in Latin America grew 2.7% in 2024, reaching 36.3bn yuan (US$4.99bn), a significant slowdown from previous years. Despite facing bans in the US and Canada, the company outperformed competitors Nokia and Ericsson in the region's mobile networks segment, while Nokia's revenue fell below 1bn euros for the first time since the pandemic. Huawei's R&D spending reached 180bn yuan, accounting for 20.8% of its revenues, with notable growth in Intelligent Automotive Solutions and Consumer segments.
Marco Baren
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huawei's revenue growth slows in latin america amid competitive challenges
02:00 01.04.2025
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