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Huawei’s revenue falls for second quarter in a row as sanctions bite

April 28, 2021

Via: TechSpot

It’s been two years since Donald Trump added Huawei and 70 affiliates to the Bureau of Industry and Security (BIS) Entity List, meaning US companies could no longer do business with these firms without a license. The result is that Google’s apps and services no longer appear on the Chinese giant’s new products, making them less appealing to western consumers.

Huawei has long been incredibly popular in China and other markets, which helped mitigate the sanctions’ effects on its bottom line—at least initially. But the final quarter of last year saw Huawei’s revenue decline—by 11%—for the first time in the company’s history.

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