Huawei increases its revenue in 2022 with US sanctions losing effect

Huawei  appears to have weathered the storm, posting minuscule growth this year.


Life goes on. Chinese telecommunications giant Huawei says the effects of US sanctions have already reached their limit.

In the company’s annual letter, rotating CEO Eric Xu was optimistic about Huawei ‘s situation .

“The restrictions of the United States are our new normal, and we return to doing business as usual,” indicates the letter addressed to employees and the media.

Huawei in 2022: smoothly

Huawei ‘s revenue in 2022 is forecast to be 636.9 billion yuan, just over 91.5 billion US dollars.

This figure is 0.02% more than what was reported in 2021. This is minuscule growth, but it represents a key moment for the company. Between 2021 and 2020, Huawei ‘s sales had been reduced by 30% due to US sanctions .

In 2019, Huawei’s sales amounted to 122 billion dollars, a time when the company was competing with Samsung in the cell phone market.

Of course, this momentum was held back by sanctions that prevented Huawei from collaborating with key partners like Google . Huawei has developed its own Harmony OS operating system , in addition to the AppGallery repository , currently the third largest in the world.