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Thursday, February 2, 2023

Huawei manages to “get out of crisis mode”: 3 years after the US veto, its income will stabilize in 2022

Wandering in the desert not yet 40 years, but Huawei’s last 3 years have been full of adversity This comes after the United States decided in May 2019 to set up a veto that prevents it from doing business with American companies and using Google services.

Now, after a 2022 that has been anything but good for the technology sector in general, the Chinese giant has managed to undo the decline in its economic results that it has been experiencing since then. Against all odds, Huawei confirms it has emerged from the crisis,

The technology company published its traditional New Year’s greetings this Friday with a letter signed by its rotating director Eric Xu, and included its revenue forecast for the full year 2022, which is expected to be 636,900 million Chinese yuan. hopefully. , more than 86,000 million euros at the current exchange rate,

This is how Huawei’s business will be flat in 2022 barely 0.02% increase, Other companies won’t be too happy with those results, but after the US veto, Huawei thinks it’s time to celebrate.

,In 2022 we have successfully come out of the crisis situation, US sanctions are now our new normal, and we are back to our old ways”, as assured by its director Eric Xu in a letter published to close the year.

Xu commended the work of the company’s employees over the past year to achieve these results despite difficulties in the global macroeconomic context this year, which will continue into 2023, but that “digitalization and decarbonization are the way forward, and In them lies the future.” Occasion”.

Huawei briefly became the world’s best-selling smartphone brand in early 2020In a market in which it was gaining prominence for its products and technologies, also in the western market.

Huawei completely abandons Google Play Store: focuses all its efforts on strengthening AppGallery and fighting one-on-one with Google

However, it turned out to be a mirage due to the COVID-19 pandemic, as it looked like Huawei might overtake Samsung as the leader in 2019. USA includes Chinese brand in its entity listVeto him access to all American technology and American companies.

The impossibility of including Google Mobile Services in its terminals meant that by 2021, Huawei would drop out of the top 5 best-selling smartphone brands worldwide, and even start an independent journey and return to Google. Sold its Honor brand to an outside company to get

Since then its sales in most appliance categories have been in free fall for the past 3 years, so the stabilization of revenue is a milestone for its economic stability.

Huawei’s flat billing in 2022 is mainly due to Strong performance of its Telecom and Infrastructure division (ICT), continued with the largest growth despite the United States veto.

Eric Xu has also taken the opportunity to define what Huawei’s corporate objectives will be in 2023: maintaining investment in research and development, betting on quality, continuing to expand its catalog and leading the way in transformation.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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