Huawei’s revenues plummet following global pressures
Huawei has reported its biggest-ever revenue drop as sanctions and other global pressures continue to weigh heavy on its business.
The Chinese giant has faced international sanctions over national security concerns in addition to the problems faced by its rivals, including the pandemic and global chip shortage.
As a result, Huawei’s revenues dropped 30 percent in H1 2021 compared to the same period last year. The company’s H1 2021 revenue was 320.4B yuan (£36B) so...
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