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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.
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.
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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 sal…
Huawei, battered by US sanctions, expects 2021 revenue to have declined nearly 30 percent and predicted continued challenges in the New Year.