Huawei sales off 32% after US sanctions, smartphone sale

Huawei sales off 32% after US sanctions, smartphone sale

3 years ago
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https://apnews.com/858b395d1a554f57518ef055af6336a8

BEIJING (AP) — Chinese tech giant Huawei's sales fell 32% from a year earlier in the first nine months of 2021 under U.S. sanctions and following the sale of its Honor smartphone brand, according to figures released Friday.

Huawei Technologies Ltd.’s smartphone and other consumer-oriented businesses have been “significantly impacted” but sales to phone carriers and other commercial customers “remain stable,” its chairman, Guo Ping, said in a statement.