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Huawei announced a 29% drop in revenue in 2021

A few hours ago, Huawei released its latest financial report, according to which the company's deteriorating situation is still deteriorating. According to the report, Huawei's revenue has decreased by 29% compared to last year, which is the main reason for the decrease in US government sanctions and pressures.

As you probably know, Huawei can no longer use software due to US sanctions. American and use a lot of hardware, and this has made it very difficult for the company to make and sell the phone. Donald Trump, who signed the embargo on the company, declared at the time that Huawei was a threat to the national security of the United States. Despite all these pressures, Huawei was able to earn about $ 100 billion in 2021. "Unpredictable business climate, politicization of technology and the growth of anti-globalization movements are all serious challenges.">

The memo points to a significant drop in sales of Huawei handsets, but on the other hand, the amount of revenue from the sale of telecommunications equipment has been in line with the expectations of the company's executives. Late last year, Huawei was forced to relinquish the Honor brand due to growing pressure, and now the Honor handsets no longer face US sanctions restrictions to be manufactured.

BingMag.com <b>Huawei</b> <b>announced</b> a <b>29%</b> <b>drop</b> in <b>revenue</b> in 2021

As Huawei is not a public company, many details of the company's financial performance will not be announced. Huawei is likely to continue to develop Harmony's proprietary operating system, focusing more on building 5G telecommunications equipment. According to the company, about 200 million users currently use the Harmony operating system, which is a significant statistic. Despite all these pressures, the company's telecommunications equipment continues to sell well, but in markets outside of China, fewer people buy the company's handsets.

Given these pressures, Huawei will probably soon be fully integrated. It will leave the smartphone market. However, some time ago, a report was published that Huawei intends to provide the designs related to its phones to other Chinese companies in order to continue its indirect presence in the mobile market. Do you think Huawei phones will reach the end of the line in 2022? Share your thoughts with us and others in the comments section.

Source: PhoneArena

Tags: huawei, announced, 29%, drop, revenue, 2021

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