What They Say
Huawei saw its revenue drop by 28.5% in 2021 to $99.9 billion with consumer sales (including smartphones) down 50%. Wearables were actually up by 30% along with smart speakers, and, bizarrely it seemed to us, its profit went up 76% to $17.8 billion.
HarmonyOS was used in over 220 million Huawei devices as of 2021, becoming the world’s fastest growing mobile device operating system, the firm said.
What We Think
Respect to Huawei for the boost in profits! I wonder what those that wanted to damage Huawei with the sanctions will make of this? (BR)
Meng Wanzhou, Huawei’s CFO, speaking at the press conference after returning to China following a long legal battle in the US
