Huawei reports a 29 percent drop in sales this year
The Chinese manufacturer Huawei announced on Friday that its annual sales have fallen by almost a third compared to the previous year ...
The article Huawei reports 29 percent drop in sales this year first appeared on xiaomist's blog .
What a dramatic turn for Huawei—logging its first full-year revenue decline on record, with 2021 sales tumbling nearly 29% to about 634 billion yuan—a staggering fall from its 2020 figures. It’s clear that the U.S. sanctions aimed at choking off Huawei’s access to critical U.S. tech played a central role in this downturn. Still, the company isn’t conceding defeat—instead pivoting aggressively toward enterprise, software, and industrial solutions to weather the storm. The road ahead looks challenging, but Huawei’s push into new markets shows it’s determined to not just survive—but adapt and persevere.
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