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. Guo said next year «will come with its fair share of challenges» but that he was satisfied with Huawei’s 2021 business performance.
