Huawei continues to suffer from falling smartphone sales

Huawei has announced through the current quarterly figures that the The company’s net profit has more than halved in the first half as the difficult economic situation restricts customer demand. Then there’s the US technology restrictions, which continue to bind the company’s hands in many ways. “A weak economy, COVID-19 Interruptions and Challenges in the supply chain damaged the company’s device business.” Nevertheless: Huawei sales increased slightly in the second quarter compared to the same period last year. Of the company’s three main business segments, the Cloud and Business Services business unit saw the largest revenue growth, which grew by approximately

in the first half of the year. % on 54,7 billion yuan (7,89 billion euros) rose . The device business unsurprisingly continued to suffer from falling smartphone sales. Sales in this area collapsed in the first half of the year 25 % on 101, 3 billion yuan (09,62 billion euros) in.

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