Apple Inc.’s China Worries May Not Be as Bad as Feared
Shares of Apple (AAPL) are showing signs of recovery after two consecutive days of decline following concerns about the company's business in China. Reports of China banning the use of…
Huawei Profits Rise 76% In 2021 but Revenues Fall For the First Time Ever
(Huawei) Tech giant Huawei reported a net profit of 113.7 billion yuan in 2021, an increase of 75.9% from the previous year. Despite the profit increase, the revenues of the…
Huawei Gets the Nod of Washington to Buy Chips for its Auto Component Business
(Reuters) US officials have reportedly approved Huawei’s license applications to buy chips for its auto component business. The licenses are worth hundreds of millions of dollars even as Huawei moves…
Huawei’s Revenue Declined 38% to 168.2 billion Yuan in Q2 Amid Tough U.S. Sanctions
(WSJ) Huawei Technologies Co. Ltd announced a 38% drop in revenue to 168.2 billion yuan in the second quarter as the U.S. sanctions on its smartphone and telecom equipment bite. The…
Huawei Revenues Plunge 16.5% as the Company Warns of a Challenging Year
China’s Huawei Technologies recorded a revenue of CNY152.2 billion or $23.46 billion in Q1 2021, down 16.5% year over year, according to the company’s press release. Revenues were hurt by…
Huawei Revenues Tumble for the First Time as Sanctions Hit
Huawei Technologies Co.’s revenue in the final quarter of 2020 fell by 11% to 220.1 billion Yuan or $33.5 billion. The slip in quarterly revenue is the first on record,…