Huawei reported its biggest annual decline in profit amid American sanctions on chip technology ...Middle East

Quartz - Economy
Huawei reported its biggest annual decline in profit amid American sanctions on chip technology
source : Quartz ( Middle East ) () 37
Chinese telecommunications giant Huawei reported its largest annual decline in profit on Friday (March 31), citing China’s strict pandemic restrictions and rising commodity prices for its drop in sales. The company pegged last year’s profit at 35.6 billion yuan ($5.18 billion), marking a staggering 69% year-on-year…Read more...

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