SHENZHEN, March 31 — Huawei’s profits fell almost 69 per cent last year, the company said today, as US sanctions and international economic uncertainty bit into the Chinese...
SHENZHEN, March 31 — Huawei’s profits fell almost 69 per cent last year, the company said today, as US sanctions and international economic uncertainty bit into the Chinese tech giant’s earnings.
“In the midst of this storm, we kept racing ahead, doing everything in our power to maintain business continuity and serve our customers,” he said. “US restrictions are our new normal,” she said, adding that the company was moving “back to business as usual.”A leading supplier of telecom gear, smartphones and other advanced equipment, a US-led pressure campaign in recent years has taken a major chunk out of Huawei’s businesses.
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