Sanction-hit Huawei says revenues down 29% this year

Sanction-hit Huawei says revenues down 29% this year

2 years ago
Anonymous $dEyjbtEkMr

https://www.theguardian.com/technology/2021/dec/31/sanction-hit-huawei-says-revenues-down-29-this-year

Effects of the US-China trade war felt by the telecom were ‘in line with our forecasts, says chairman Guo Ping

Chinese telecom giant Huawei said on Friday its annual revenue had fallen by nearly a third from the previous year, as it continued to be weighed down by US sanctions that have hit its smartphone sales.

Sanction-hit Huawei says revenues down 29% this year

Dec 31, 2021, 9:15am UTC
https://www.theguardian.com/technology/2021/dec/31/sanction-hit-huawei-says-revenues-down-29-this-year > Effects of the US-China trade war felt by the telecom were ‘in line with our forecasts, says chairman Guo Ping > Chinese telecom giant Huawei said on Friday its annual revenue had fallen by nearly a third from the previous year, as it continued to be weighed down by US sanctions that have hit its smartphone sales.