Economic news

Huawei’s revenue stable is under sanctions

2022.12.30 00:21

 

Huawei’s revenue stable is under sanctions

Budrigannews.com – On Friday, the tech giant Huawei Technologies Co Ltd. of China estimated that its revenue in 2022 would rise by 0.4% annually, indicating that the sales decline caused by U.S. sanctions had stopped.

In the company’s annual New Year’s letter, rotating chairman Eric Xu revealed the figure, despite the fact that revenue only slightly increased.

In the letter that was sent to staff members and made public to the media, Xu wrote, “U.S. restrictions are now our new normal, and we’re back to business as usual.”

According to Xu, the company anticipates generating 636.9 billion yuan, or $91.53 billion, in revenue for the year.

That is a slight increase from 2021, when revenue reached 634 billion yuan ($99.48 billion) and sales fell 30% year-over-year as sanctions imposed by the United States took effect.

The company’s revenue for 2022 will still be significantly lower than its 2019 record of $122 billion. The company was a global leader in the sale of Android smartphones at the time.

In 2019, the Trump administration in the United States imposed a trade ban on Huawei, prohibiting the company from using Alphabet (NASDAQ:) due to concerns about national security. Android, Inc.’s operating system for its brand-new smartphones, in addition to other essential technologies originating in the United States.

More New Decree on job creation in Indonesia

Sales of its handsets fell dramatically as a result of the sanctions. The cloud and networking equipment divisions continue to bring in money for the company, which has steadily invested in the electric vehicle (EV) industry.

Huawei’s revenue stable is under sanctions

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,466.38 2.41%
ethereum
Ethereum (ETH) $ 2,753.73 1.54%
xrp
XRP (XRP) $ 2.71 1.73%
tether
Tether (USDT) $ 1.00 0.05%
bnb
BNB (BNB) $ 656.70 0.81%
solana
Solana (SOL) $ 174.72 3.51%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.254396 0.99%
cardano
Cardano (ADA) $ 0.810357 6.57%
staked-ether
Lido Staked Ether (STETH) $ 2,752.00 1.44%
tron
TRON (TRX) $ 0.245175 0.74%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,113.29 2.34%
chainlink
Chainlink (LINK) $ 18.36 2.56%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,279.87 1.39%
sui
Sui (SUI) $ 3.44 8.38%
stellar
Stellar (XLM) $ 0.34703 3.84%
avalanche-2
Avalanche (AVAX) $ 25.17 6.38%
litecoin
Litecoin (LTC) $ 128.04 5.47%
hedera-hashgraph
Hedera (HBAR) $ 0.220935 2.48%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 1.59%
the-open-network
Toncoin (TON) $ 3.62 2.40%
leo-token
LEO Token (LEO) $ 9.70 0.14%
usds
USDS (USDS) $ 0.99997 0.03%
weth
WETH (WETH) $ 2,752.32 1.53%
hyperliquid
Hyperliquid (HYPE) $ 24.58 1.87%
polkadot
Polkadot (DOT) $ 5.05 3.99%
mantra-dao
MANTRA (OM) $ 7.49 1.49%
bitcoin-cash
Bitcoin Cash (BCH) $ 325.02 1.08%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.16%
uniswap
Uniswap (UNI) $ 9.35 1.91%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,914.65 1.42%
bitget-token
Bitget Token (BGB) $ 4.52 6.70%
monero
Monero (XMR) $ 229.79 4.14%
near
NEAR Protocol (NEAR) $ 3.43 9.20%
pepe
Pepe (PEPE) $ 0.00001 3.33%
whitebit
WhiteBIT Coin (WBT) $ 27.43 0.98%
aave
Aave (AAVE) $ 262.17 4.08%
ondo-finance
Ondo (ONDO) $ 1.24 3.34%
bittensor
Bittensor (TAO) $ 456.89 11.33%
aptos
Aptos (APT) $ 6.30 1.88%
dai
Dai (DAI) $ 1.00 0.01%
mantle
Mantle (MNT) $ 1.04 0.70%
internet-computer
Internet Computer (ICP) $ 7.13 4.02%
official-trump
Official Trump (TRUMP) $ 16.89 0.29%
ethereum-classic
Ethereum Classic (ETC) $ 20.94 0.52%
susds
sUSDS (SUSDS) $ 1.04 0.16%
okb
OKB (OKB) $ 49.65 0.07%
tokenize-xchange
Tokenize Xchange (TKX) $ 36.98 5.38%
gatechain-token
Gate (GT) $ 22.84 1.34%
kaspa
Kaspa (KAS) $ 0.106331 1.20%