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US sanctions are working. Huawei’s revenue fell by almost a third

Huawei successfully resisted US sanctions for a long time, but in the end it still lost. This is confirmed by the collapsed sales of smartphones and the results of 2021.

The company’s revenue for the current year was reportedly down 29% to $ 99.5 billion. This is lower than the results of 2019, when the company earned $ 107 billion. But still this is about 10% more than in 2018.

Huawei’s worst hit is the smartphone business, which makes sense. But the telecommunications business, according to the company, justified the forecasts and feels good, despite the position of some countries, where they decided to completely abandon Huawei equipment.

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