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

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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. In her free time, she is a modest family woman who loves traveling.

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.

Featured Image: news.yahoo.com

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