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Huawei says 2021 revenues down almost 30%, sees challenges ahead

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Technologies Co Ltd, battered by U.S. sanctions, expects 2021 revenue to have declined nearly 30% and predicted continued challenges in the
Revenue for the …

Technologies Co Ltd, battered by U.S. sanctions, expects 2021 revenue to have declined nearly 30% and predicted continued challenges in the Revenue for the year is expected to be 634 billion yuan ($99.48 billion), rotating chairman said in a New Year letter to employees on Friday. That represents a fall of 28.9% from 2020 revenues of 891.4 billion yuan.

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