Revenue at Chinese telecom giant Huawei fell by 2.2 percent year on year in the first three quarters of 2022, company data showed Thursday, as COVID-19 and US sanctions dragged down sales.
Huawei made 445.8 billion yuan ($61.76 billion) in revenue in the first three quarters of 2022, a drop from 455.8 billion yuan in the same period a year ago, according to company data.
Huawei provided few specifics and did not include a breakdown of its data by business segment.
“Our device business was impacted by COVID-19 and global economic downturn,” a…
