Thursday, December 02, 2021

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China’s Huawei reports drop in revenues in January-April 2021

China’s Huawei reports drop in revenues in January-April 2021

Beijing, Apr 28 (Prensa Latina) China's Huawei Technologies reported on Wednesday that it earned 152.2 billion yuan (23.4 billion dollars) from January to April, accounting for a 16.5-percent fall in revenues but in line with its projections.
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According to a report, the fall was more relevant in the consumer division and influenced on sales of its subsidiary Honor to a state firm in November, to guarantee its survival due to US restrictions.

Business networking kept a ‘sustained growth’ and the turnover for the intellectual rights of patents was 600 million dollars.

Huawei was the world’s second smartphone provider, but the US offensive along with the Covid-19 pandemic in 2020 affected its sales.

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