Huawei cash in sinks in 2022 amid sanctions, yet gross sales larger
HONG KONG (AP) — Huawei on Friday reported a just about 70% decline in cash in closing 12 months amid sanctions and pandemic demanding situations, yet its undertaking gross sales rose because the Chinese language expertise massive sought to pivot into virtual industries and cut back its vulnerabilities to U.S. sanctions.
“Whilst it’s true that we have got substantial pressures forward people, we nonetheless see alternatives to develop a resilient trade portfolio, a singular aggressive edge, the agree with of our shoppers and companions and feature the braveness to take a position closely in R&D,” Eric Xu, the outgoing rotating