Huawei Reports Nearly 30 Percent Revenue Drop
https://www.newsweek.com/huawei-reports-nearly-30-percent-revenue-drop-amid-us-sanctions-1616929
Chinese technology company Huawei reported a 29.4 percent decrease in revenue in the first half of 2021 compared to the same period last year, the Associated Press reported. The drop came as U.S. sanctions imposed to address security concerns caused smartphone sales from the company to drop.
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The company's $70.2 billion in reported revenue for the first half of 2020 dropped to $49.6 billion in the first half of 2021, due in part to a November sale of its Honor smartphone product.
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Sales by Huawei's consumer unit, which includes smartphones, tumbled 47% compared with figures reported for the first half of 2020. That unit was 42% of total revenue.
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Chinese technology company Huawei reported a 29.4 percent decrease in revenue in the first half of 2021 compared to the same period last year, the Associated Press reported. The drop came as U.S. sanctions imposed to address security concerns caused smartphone sales from the company to drop.
.......
The company's $70.2 billion in reported revenue for the first half of 2020 dropped to $49.6 billion in the first half of 2021, due in part to a November sale of its Honor smartphone product.
.......
Sales by Huawei's consumer unit, which includes smartphones, tumbled 47% compared with figures reported for the first half of 2020. That unit was 42% of total revenue.
.......
