Huawei observes 29% revenue drop in the first half of 2021

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Sienna Rowley
Sienna Rowley
Sienna is an editor at Cloud Host News. She is an internet enthusiast, always eager to explore the latest trend in the tech space. She is a modest family woman who loves traveling in her free time.

Huawei observes a 29% revenue drop in the first half of 2021

On Friday, the tech giant company Huawei reported a sharp drop in revenue in the first half of this year. The company reported having generated 320 billion yuan in revenue in the first half of 2021, a 29% revenue drop compared to 454 billion yuan in the first half of 2020.

Huawei said that it already anticipated the result of revenue decline.

Huawei’s carrier business saw a decline of 14% in revenue to about 137 billion yuan and on the other hand, Huawei’s enterprise saw a rise of 18% to 36 billion yuan.

Eric Xu, the rotating chairman of Huawei stated that the company’s goal was to survive at a moderate rate.

Xu further said that the external factors affected their consumer business revenue, however, they are self-assured that their carrier and enterprise business will scale gradually.

Talking about the COVID-19 challenges, XU said the current period is tough for all of us and Huawei’s employees have shown great strength and dedication while pushing forward.

A few months back in May, the tech giant company reported that it had laid off 112 employees after the revenue nearly halved in Huawei’s Australian arm.

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