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The US sanctions have hit Huawei hard and the company has warned that it will see "serious challenges" in 2022 amid "politicisation of technology", and further "deglobalisation". The Chinese conglomerate is expecting 634 billion yuan ($99.45 billion) in revenue in 2021, a 28.88 dip from 891.4 billion yuan in 2020. In a New Year letter to employees, Huawei's rotating chairman
Chinese telecom giant Huawei Technologies Inc (華為) yesterday said that its annual revenue last year had fallen by nearly one-third from the previous year as it continued to be weighed down by US sanctions that have hit its smartphone sales. Huawei has been caught in the crossfire of a US-China trade and technology rivalry after the administration of former US president Donald Trump moved to cripple the company over concerns that it could pose a cybersecurity and espionage threat. The firm’s revenue for this year fell by 29 percent year-on-year to 634 billion yuan (US$99.5 billion), Huawe...
Huawei Technologies Co expects a 28.9 per cent decline in total revenue to 634 billion yuan (US$99.4 billion) for 2021, with two years of US trade sanctions wreaking havoc with the Shenzhen-based tech giant’s lucrative smartphone business.
BEIJING (Reuters) -Chinese telecoms equipment giant Huawei Technologies Co Ltd, battered by U.S. sanctions, expects 2021 revenue to have declined near...
New Delhi/Beijing, Dec 31 (IANS) The US sanctions have hit Huawei hard and the company has warned that it will see "serious challenges" in 2022 amid