Huawei has seen its largest ever decline in revenues as it continues to deal with the effects of worldwide sanctions and bans.
The Chinese smartphone company said that in the first half of 2021, its revenues will decrease by 30 percent compared to the previous year. to Rmb 320 billion (£35.5 million) reported it crashed.
Revenues from the consumer electronics arm, including phones, tablets and laptops, fell 47 percent from last year, with a 14.2 percent drop in the infrastructure arm. Huawei Governing Council Leader Eric Xu said that given the scale of the sanctions imposed on the company, the main priority is “survival”.
“We are confident that our shipping and corporate business will continue to grow steadily, despite the drop in consumer market revenues caused by external factors,” Xu said in a statement.
One of the companies that benefited the most from Huawei’s loss of income Xiaomi is coming. While Xiaomi provides revenue growth with the decline of Huawei, other Chinese companies are also making a big attack. However, on the other hand, it is also thought that Huawei’s new investments and efforts to strengthen its hand will greatly benefit the company in the future despite all these setbacks. It is known that the company has invested heavily in the future with a new interface and new operating system selection. Ren Zhengfei, founder of Huawei, also pointed to this and said, “We have developed HarmonyOS operating system installed on approximately 50 million portable devices, the company’s ” back to software” is one of the biggest indicators of this.