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Huawei’s revenue drops by nearly 29% by the end of 2021

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INTERNATIONAL_ Chinese company Huawei Technologies ended the year under US pressure with a significant drop in revenue.

As noted by acting chairman Guo Ping in his New Year’s speech, revenue fell nearly 29% to $99.43 billion.

Last year, Huawei managed to increase its revenue to 3.8% and for a while retained its position as the second largest smartphone maker, but last year its share in the market fell. remaining 4%.

Huawei faces great difficulties in 2021

Huawei faces great difficulties in 2021

Guo Ping told his subordinates they will have a “long and difficult journey ahead”.

In the upcoming 2022, Huawei will focus on infrastructure for data exchange in information systems and smart devices. The latter will develop in the ecosystem of the HarmonyOS operating platform and the Chinese giant that provides the EulerOS operating system for digital infrastructure. Valuable talents that Huawei will seek and attract through worldwide selection.

Huawei management noted that demand for equipment for communication networks over the past year was stable, and in the enterprise segment, the company even recorded an increase in revenue.

The e-business, formerly based mainly on smartphones, has expanded into other segments. In his speech, Guo Ping thanked the staff for their dedication to their work, their ability to work in difficult weather conditions, and their responsible attitude towards the task.

Huawei is under great pressure from the US, many sanctions

Huawei is under great pressure from the US, many sanctions

According to the China Game Industry Report 2021 released by the Game Working Committee (GPC) of the China Music and Digital Association (GPC), the actual revenue of self-developed games of China overseas mainland in 2021 reached 18.01 billion US dollars, up from 2,563 billion US dollars in 2020, up 16.59% over the same period last year. The market share of mobile games in foreign markets has continuously increased over the years.

Recently, the membership model mentioned by Huawei AppTouch at the Shenzhen HDD Conference has attracted the attention of many foreign game manufacturers.

At the meeting, the AppTouch team introduced the AppTouch VIP Service to developers. This service has brought game revenue growth many times over through membership subscription model.

Tags: Mobile Games

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