Huawei sales fall for six consecutive quarters

Huawei Technologies’ sales in the first quarter of 2022 were 131 billion yuan.

The Chinese company’s sales have been declining over the past six quarters.

Huawei’s net profit for the first three months of 2022 was 16.9 billion yuan ($2.58 billion), down 67% from the same period the previous year. The company’s profitability has nearly quadrupled over this time, from 11.1 percent to 4.3 percent.

Huawei noted that the considerable drop in earnings is mostly due to the company’s active and massive expenditures in research and development of its own technologies, which Huawei requires to balance the impact of US sanctions and begin developing its own technologies.

For the past two years, Huawei has been subject to US restrictions that prohibit American and international firms from supplying Huawei with US technology. The fall in earnings is mostly due to Huawei’s aggressive investment in research and development of unique technology to counteract the effects of US sanctions, according to a company spokeswoman.

As a result, the corporation spent 21% of its yearly revenue on research and development last year. According to a business official, Huawei boosted its investment in research activities in the first quarter.

Huawei began actively searching for skilled employees and developing other businesses to compensate for the reduction in smartphone sales. While the business has not yet entered EV manufacturing, it is actively pitching its Harmony OS operating system and other technology to Chinese automakers.

According to the latest information, at least two more Huawei-powered workstations will be introduced this year. The Aito M5, which has already begun delivering, was the first model featuring Harmony OS.

Huawei’s quarterly earnings were in line with expectations, according to current Chairman Ken Hu. Chairmen are appointed by rotation from top management at the firm. He has been President since April 1 and will leave office on September 30. He chairs the Global Cyber Security and User Privacy Protection Committee on the board of directors.

Related Posts

Sweatcoin: how to turn steps into a crypt for free

Sweatcoin, a London-based software firm, intends to motivate people to exercise more and create SWEAT, a move-to-earn token, in order to help the world recover. Sweatcoin’s goal…

Nissan and Mitsubishi will jointly release an electric car

Nissan and Mitsubishi have announced a new general-purpose kayak with an all-electric powertrain. The premiere of the novelty is scheduled for May 20. The train will be…

There’s a new way to install Windows 11

Microsoft released a physical media version of the Windows 11 operating system in a package containing a flash drive. A new installation method has emerged, according to…

The main signs of an attack with the help of social engineering

You are quietly working at the computer, and suddenly a letter arrives in the mail with a message from the employees of a company you know. How…

Methods of social engineering today

An attack on an inexperienced Internet user can follow many different scenarios. Attackers use such human feelings as inattention, curiosity, greed, and credulity, “play” on the qualities…

Social engineering today

Social engineering is a phenomenon that can be resisted if you follow simple rules and stay vigilant. “Hi, there! Can you please put money on the card…

Leave a Reply

Your email address will not be published.