Huawei reported a roughly 70% drop in earnings last year amid sanctions and pandemic concerns. Still, its enterprise sales climbed as the Chinese technology giant moved to pivot into digital sectors and decrease its vulnerability to US sanctions.
2022 Financial Report
Eric Xu, Huawei’s departing rotating chairman, remarked at a media briefing, “While it’s true that we have considerable pressures ahead of us, we still see opportunities to grow a resilient business portfolio, a unique competitive edge, the trust of our customers and partners and have the courage to invest heavily in R&D.”
