Friday, March 31, 2023

Huawei profit sinks in 2022 amid sanctions but sales higher


Huawei on Friday reported a nearly 70% fall in profit last year amid sanctions and pandemic challenges, but saw its enterprise sales rise as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerability to U.S. sanctions.

source https://www.seattletimes.com/business/huawei-profit-sinks-in-2022-amid-sanctions-but-sales-higher/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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