2 years, 4 months ago
Huawei earned $44.8 billion, revenue down 5.9 percent in first half of 2022
Hindustan TimesHuawei's revenue dipped by just under six percent in the first half of 2022, company figures showed Friday, as the Covid-19 pandemic and US-China trade rivalry hit sales. Chinese tech giant Huawei said Friday, Aug. 12, 2022 its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions. Weak global demand due to the pandemic, as well as a 2019 US blacklisting that snarled its supply chains, have hurt the company's device business, which sells smartphones and laptops, a Huawei spokeswoman told AFP. Profit growth for the first half slowed to five percent, down from 9.8 percent over the same period last year, Friday's figures showed.
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