US ban bites into Huawei's profits as company warns of potential Chinese retaliation - techbrinks

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Tuesday, 31 March 2020

US ban bites into Huawei's profits as company warns of potential Chinese retaliation


In its annual report, Huawei revealed that its net profit for 2019 was 62.7 billion yuan (around $8.8 billion). The 5.6 percent YoY increase paled in comparison to the 25 percent jump from a year earlier, and was the smallest increase since 2016, reports Reuters. Its carrier business, meanwhile, saw its sales rise by just 3.8 percent.

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