China’s Huawei Reports 38% Revenue Drop as U.S. Sanctions Bite

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China’s Huawei Reports 38% Revenue Drop as U.S. Sanctions Bite
Revenue declines deepen amid U.S. restrictions on chip supply, pressure on buyers

HONG KONG—China’s Huawei Technologies Co. reported a 38% fall in quarterly revenue Friday, as the damage U.S. sanctions have done to its sales of smartphones and telecommunications equipment worsened.

The drop marks the third straight decline in quarterly revenue for Huawei, the world’s largest maker of telecom equipment and formerly one of the world’s biggest smartphone sellers, and the declines have accelerated since the end of 2020.

Huawei’s smartphone sales, once a top revenue driver for the company, have fallen dramatically since the Trump administration imposed restrictions last year blocking the company from buying most advanced semiconductors. Revenue from telecommunications equipment sales have also dropped, although less dramatically, amid a U.S. campaign pressuring allied countries to drop the Chinese company as a supplier of 5G equipment.

Second-quarter revenue fell to 168.2 billion yuan, about $26 billion, from 271.8 billion yuan in the same quarter a year ago, according to calculations based on figures disclosed by the Shenzhen-based company Friday. The decline marked a sharp acceleration from the 16.5% revenue drop in the first quarter and an 11.2% drop in the fourth quarter of 2020.

The privately held company provides a limited financial snapshot every three months. It didn’t report profits for the period but said its net profit margin rose to 9.8% during the first half of the year from 9.2% a year earlier.

China’s Huawei Reports 38% Revenue Drop as U.S. Sanctions Bite

The drop marks the third straight decline in quarterly revenue for the Chinese company, as the damage U.S. sanctions have done to its sales of smartphones and telecommunications equipment worsened.

www.wsj.com

 

[qwerrty]

net profit margin rose to 9.8% during the first half of the year from 9.2% a year earlier.

First-half revenue from Huawei’s enterprise business group grew 18% to 42.9 billion yuan, as the COVID-19 outbreak spurred industry demand for ICT connectivity, a spokesman said.

Huawei is also seeing strong growth in its cloud services business, more than doubling in size in the first quarter to take a 20% market share in China, according to Canalys. – Reuterss

Huawei revenue drops 29% as its consumer growth engine stutters - PostX News

SHENZHEN, China: Chinese telecommunications giant Huawei Technologies saw its revenue drop by almost a third in the first half of 2021, with U.S.

www.postxnews.com

 

[flowerfan2020]

China’s Huawei Reports 38% Revenue Drop as U.S. Sanctions Bite
Revenue declines deepen amid U.S. restrictions on chip supply, pressure on buyers
View attachment 768111


HONG KONG—China’s Huawei Technologies Co. reported a 38% fall in quarterly revenue Friday, as the damage U.S. sanctions have done to its sales of smartphones and telecommunications equipment worsened.

The drop marks the third straight decline in quarterly revenue for Huawei, the world’s largest maker of telecom equipment and formerly one of the world’s biggest smartphone sellers, and the declines have accelerated since the end of 2020.

Huawei’s smartphone sales, once a top revenue driver for the company, have fallen dramatically since the Trump administration imposed restrictions last year blocking the company from buying most advanced semiconductors. Revenue from telecommunications equipment sales have also dropped, although less dramatically, amid a U.S. campaign pressuring allied countries to drop the Chinese company as a supplier of 5G equipment.

Second-quarter revenue fell to 168.2 billion yuan, about $26 billion, from 271.8 billion yuan in the same quarter a year ago, according to calculations based on figures disclosed by the Shenzhen-based company Friday. The decline marked a sharp acceleration from the 16.5% revenue drop in the first quarter and an 11.2% drop in the fourth quarter of 2020.

The privately held company provides a limited financial snapshot every three months. It didn’t report profits for the period but said its net profit margin rose to 9.8% during the first half of the year from 9.2% a year earlier.

China’s Huawei Reports 38% Revenue Drop as U.S. Sanctions Bite

The drop marks the third straight decline in quarterly revenue for the Chinese company, as the damage U.S. sanctions have done to its sales of smartphones and telecommunications equipment worsened.

www.wsj.com

Your bias mentality make you sound stupid.

 

[Yongpeng Sun-Tastaufen]

So what? Motorola is now owned by China. Apple is next.

 

[kingQamaR]

if the Chinese consumers had boycotted from buying Land Rover cars

British government would probably had not gone long with America, on Huawei 5G ban to protect U.K. jobs

 

[Globenim]

Huawei still living rentfree in the head of paid American shills, scrambling to cope with the American terror regime failing to buckle Huawei even after their regime pulled every last card from kidnapping Huawei employes to blackmailing "allies" to ban Huawei short of straight out bombing the company their U.S. subsidized and U.S. state backed business cant compete with and had to extend their failing sanctions to third and fourth party non-US suppliers, while the company is still making far over 100 Billion Dollars a year just like when U.S propaganda mouthpieces and their bots started spamming their propganda and fakenews from Japanese "CCP spychips" to open source code "theft".