World Trade

Revenue for Huawei in 2022 will remain at $91.5 billion as the effects of US sanctions lessen.

On Friday, Huawei Technologies Co Ltd predicted that its revenue in 2022 would remain flat, indicating that the sales downturn caused by US sanctions had ended.

Even though revenues only increased by 0.02%, the company’s rotating chairman, Eric Xu, expressed optimism in the company’s annual New Year’s letter, which included the information.


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

Xu estimates that total revenue would be 636.9 billion yuan ($91.53 billion) for the year.

Related: American lawmakers propose legislation to restrict Huawei’s access to banks.

That marks a marginal improvement from 2021, when revenue was 636.8 billion yuan and sales fell 30% year over year as a result of U.S. sanctions against the company.

The company’s revenue for 2022 will still be much behind the record $122 billion it achieved in 2019. The business was at its height at the time, dominating the global market for Android smartphones.

In 2019, the U.S. Trump government slapped a trade embargo on Huawei, claiming national security concerns. This prohibited the company from utilising Android, among other essential U.S.-origin technologies, in its new smartphones.


Sales of its phone devices fell as a result of the sanctions. The company’s networking equipment and cloud businesses continue to bring in money, and it has consistently made investments in the electric vehicle (EV) market.

Erroneous statistics in the lead paragraph and 2021 revenue in paragraph five have been fixed in this article.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button