Huawei Swivels to Software, Clean Energy as Sales Dive Again
- Revenue for December quarter sank 19%, a fifth straight drop
- Tech giant to focus on IT infrastructure, smart devices
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Huawei Technologies Co. pledged to step up investment in software and digital power technology, seeking to overcome U.S. sanctions that dragged sales to a fifth straight slump.
Revenue fell 19% to 178.2 billion yuan ($28 billion) in the three months ended December, according to Bloomberg calculations based on full-year figures provided by Huawei. 2021 sales reached 634 billion yuan, the Shenzhen-based company said in a New Year message, down 29% from a year earlier.