Huawei’s Annual Revenue Drops Due to Sanctions

China-based tech giant Huaweihas been blacklisted by the United States in recent years. Accusing the company of collecting information and delivering this information to the Chinese government officials, the Trump government turned to sanctions and signed decisions that would seriously damage the company’s supply chain.

Now, new statements have come from the giant company based in China. In the statements made by Huawei last Friday, the company exposed to US sanctions in annual income It was stated that there was a significant decrease compared to the previous year.

29% decrease in annual income

In the statements made by the company, the annual income is compared to the previous year. 29%, that is, it was reported that it decreased by one third. It was also among the news that the sanctions imposed by the Donald Trump administration for reasons such as cyber security and espionage may have a major role in this decline. Guo Ping, who is on the company’s board of directors, made statements about this loss of income in his new year message.

Ping said the company’s revenue fell 29% in 2021. 99.5 billion While describing the decline in dollars, “Despite all the hardships we experienced in 2021, we did our best for our customers and local communities. We completed the year with $99.5 billion in revenue by increasing the quality and efficiency of our operations.” He also added his statements. Guo Ping also stated that he is much more hopeful than 2022.

Giant company; It also continues its initiatives in areas such as wearable devices, health technologies and automotive. In the past days, we shared with you that the company announced its new electric car that can rival Tesla. This vehicle, called Huawei AITO M5 and surpassing its competitors, broke a record by receiving thousands of orders in the first five days.