Huawei's Q1 sales down 14% as U.S. sanctions remain

Huawei's Q1 sales down 14% as U.S. sanctions remain

2 years ago
Anonymous $xqL1ZTchGQ

https://apnews.com/6d85294ea4e9931bb1fdc72dc6c17b58

SINGAPORE (AP) — Chinese telecoms equipment and smartphone maker Huawei's sales fell 14% in January-March from a year earlier as it pumped money into research and development while grappling with U.S. sanctions, according to figures released by the company Thursday.

Huawei Technologies said its revenue was 131 billion yuan ($19.8 billion) in the first quarter of 2022, compared to 152.2 billion yuan a year earlier.