All information, news, offers of Telecommunication in Nepal

Huawei expects annual revenue to reach $91.59 billion in 2022

Huawei estimates its annual revenue in 2022 to reach 636.9 billion yuan, about $91.59 billion, says the company’s rotating chairman Eric Xu. The expected figure aligns with its forecast, Xu said in Huawei’s annual New Year’s message on Friday, December 30.

Huawei’s growth increased by 0.4% annually. It’s only marginal growth for the company but there are positives to gather. It believes the US sanctions are having a lesser effect on the company’s sales and that it is now out of the crisis.

“U.S. restrictions are now our new normal, and we’re back to business as usual,” Xu wrote in the letter which was addressed to staff.

Eric Xu Five strategies Huawei Global Analyst Summit
Rotating Chairman of Huawei, Eric Xu

Huawei’s ICT infrastructure business has seen praiseworthy growth lately. While the company’s device sales took a hit, it’s largely been past the worst. Likewise, it has achieved steady growth in its digital power and Huawei Cloud services.

The company has also reached new milestones in its automotive components business.

“In 2022, we successfully pulled ourselves out of crisis mode. U.S. restrictions are now our new normal, and we’re back to business as usual,” Xu declared.

Also read: Huawei-built MineHarmony enters commercial use with 5G+AI

The annual revenue of Huawei improves in 2022 with 2019 being its peak year

The 2022 annual revenue still falls flat compared to the $122 billion Huawei drew in 2019. Back then, Huawei was a top smartphone vendor globally.

Likewise, it generated 636.8 billion yuan in revenue in 2021, a low in comparison to 891.4 billion yuan in 2020. In the same year, the company’s spending for its R&D reached a staggering 142.7 billion yuan, 22.4 percent of its annual revenue.

The company’s smartphone business plunged following the US ban on it in 2019. The ban means Huawei couldn’t get Android OS and other US technologies which affected its phone business.  

But the company is on track to revive its fortunes. It continues to bring in revenues from networking equipment and cloud services.

The US ban once looked to stifle Huawei however, it continues to pull through the crisis and thrive with higher motivation.

Latest Gadget Deals 📣

Apple Macbook Air
Shop on Daraz & Get 1 Year Brand Warranty + 14 Day Easy Return, Free Shipping & More | Shop Now
Rs. 159,900
Buy Now
realme 10 Pro Plus
Exclusive Launch on Daraz | Prebookings have begun | Voucher Discount of Rs. 2000 for first 50 customers
Rs. 45,999
Buy Now
GoPro Hero 11
Certified Daraz Mall Store| 14 Day Easy Return | Free Shipping | 1 Year Brand Warranty
Rs. 83,500
Buy Now

Follow us on Facebook, Twitter, and Viber to get the latest news, and information about Nepal Telecom, Ncell, Smart Cell, ISPs, mobile apps, and phones in Nepal.


You might also like

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy