Friday, March 31, 2023

Huawei reports 2022 revenue up 0.9% YoY to ~$93.4B and net profit down 69% YoY to ~$5.18B, its biggest drop since 2011, amid pandemic controls and US sanctions (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC:
Huawei reports 2022 revenue up 0.9% YoY to ~$93.4B and net profit down 69% YoY to ~$5.18B, its biggest drop since 2011, amid pandemic controls and US sanctions  —  - Huawei reported net profit for 2022 totaled 35.6 billion yuan ($5.18 billion), a 69% year-on-year decline.



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