Friday, October 29, 2021

Huawei reports Q3 revenue fell 38% YoY to $21.2B, the fourth straight quarter of declining sales, and ~$2.3B net income, as US sanctions continue to bite (Bloomberg)

Bloomberg:
Huawei reports Q3 revenue fell 38% YoY to $21.2B, the fourth straight quarter of declining sales, and ~$2.3B net income, as US sanctions continue to bite  —  - Quarterly revenue declines 38% after blacklisting by the U.S.  — Weakness at consumer business is driving the sales drop



No comments:

Post a Comment

How internet censorship tech maker Sandvine, a vendor to repressive regimes like Egypt, nearly collapsed before US restrictions forced new ownership and a pivot (Ryan Gallagher/Bloomberg)

Ryan Gallagher / Bloomberg : How internet censorship tech maker Sandvine, a vendor to repressive regimes like Egypt, nearly collapsed bef...