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Huawei revenue fell by a third

Huawei revenue fell by a third

a Huawei It revealed that in the first half of 2021, it managed to post the biggest drop in revenue ever – revenue fell by nearly 30% to 320 billion yuan (£35.5 billion).

The company sold part of its mobile phone business after US sanctions, which analysts said contributed to the decline. Huawei’s revenue in consumer electronics, which includes phones, fell 47%.

Huawei also noted the impact of chip shortages on business. the United States of America The sanctions imposed by Huawei make it difficult for Huawei to purchase parts and software using US technology.

Earlier this year, the company’s head of consumer equipment acknowledged the challenges: “US sanctions have caused great difficulties for our business and our day-to-day work,” he said. Richard YuWhen the company announced the launch of a new phone.

Sanctions have also prevented Huawei devices from fully cooperating with Google Android operating system, prompting the company to expand on its own Harmony OSUse.

In addition, Huawei’s communications equipment business may have declined. Company spokesperson A ReutersHe told me it was 5G Because of its slow introduction in China. However, sales outside China rose despite US pressure on its allies to exclude Huawei from its 5G infrastructure due to national security concerns. Huawei has denied allegations that its devices pose a security risk, describing the allegations as politically motivated.

It also happened to be good with the company: It has grown in its corporate and cloud services business, and profit margins have increased as efficiency improves. Eric Shaw In a statement, the president said, “Our goal is to survive in a sustainable way.”

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Source: BBC News

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