Huawei Says It's No Longer in 'Crisis Mode'
Huawei’s 2022 revenues are about the same as last year
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Huawei’s 2022 revenues are about the same as last year
<div class="at-above-post addthis_tool" data-url="http://www.metro.us/huawei-says-its-out-of-crisis-mode-though-revenue-flat/"></div>HONG KONG (AP) — Chinese technology giant Huawei says it has emerged from “crisis mode” after years of U.S. restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier. “U.S. restrictions are now our new normal, and we’re back to business as usual,” Eric Xu, […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Adv...
Chinese tech giant Huawei Technologies Co Ltd estimated on Friday its 2022 revenue remained flat, suggesting that its sales decline due to US sanctions had come to a halt.
Huawei reported a year-over-year gain in revenue this year (a very slight increase) improving on last year's 30% annual drop.
Chinese technology giant Huawei says it has pulled itself out of “crisis mode” following years of U.S. restrictions that have stifled its sales in overseas markets, though its revenue for 2022 did not grow from a year earlier