Fjoddes.Net

News Site

Sanctioned Huawei keeps on losing money, just not as quickly


As per the SCMP, Huawei reported revenue of 301.6 billion yuan, or around $44.7 billion, for the first half of 2022, marking a 5.9% year-on-year drop. That’s an improvement over the first quarter results, which saw revenue down 13.9% YoY. Its profit margin declined to 5%, dropping by almost half…

Read Entire ArticleRead Comments

This post has been read 24 times!

Like
Like Love Haha Wow Sad Angry