China's telecommunications equipment giant Huawei's nine-month sales to last month fell by more than 30% from the same period last year.
Due to the influence of semiconductor export restrictions by the United States, the mainstay smartphone business has been sluggish, and the severe business situation continues.
Huawei announced on the 29th that its nine-month financial results up to last month showed sales of RMB455.8 billion, or about JPY8.1 trillion in Japanese yen, a decrease of 32% compared to the same period last year.
Although the detailed breakdown has not been disclosed, it seems that the cause is that the export restrictions on semiconductors by the United States have severely restricted the production of smartphones and the consumer business continues to be sluggish.
In the three months to last month, Huawei's smartphone sales in China have fallen by more than 70% compared to the same period last year, several Chinese media outlets have reported.
Huawei has recently been focusing on new businesses such as the electric vehicle field, but has not yet made up for the decline in sales in the smartphone business.
Regarding Huawei, Chinese media said that Meng Wanzhou, the daughter of the founder and was charged by the U.S. authorities, returned to work last month after agreeing to a judicial deal with the U.S. Department of Justice. I'm telling you a lot.
On the other hand, there is no prospect that export restrictions by the United States will be lifted, and the severe situation surrounding management continues.