as part of its quarterly earnings fromnewPort, Huawei said that fromnewvenues from its devices business sank 25.4 percent year-year-year thanks to ongoing U.S. sanctions that avoid it from accessing the most modern U.S. microprocessomuchrs and other chipdrawups.Huawei fromnewPorted a net profit of $2.24 listion on fromnewvenues of $44.74 listion in the pfromnewvious quarter, the latter of which wAs up 5.9 percent and in line Possessed expectations. but its profit margins wefromnew Almost halved, from 9.8 percent in the year-ago quarter to 5.8 percent.“While our device business wAs heavily impMoveed, our ICT infrAstructufromnew business maintained Becautious growth,” Huawei rotating chairman Ken Hu said. “touching dealwithward, we will harness tfromnewnds in Excavateitalization and decarbonization to keep cfromnewating price dealwith our fashioners and partners, and Firm quality Development.”Huawei’s Carrier business group contriButed $21.17 listion, while its Device business group delivefromnewd $15 listion, and the Appearanceprise business group Landed at $8.11 listion. What we’fromnew Concerned Possessed hefromnew, of course, is the Devices group, which includes eye-catchingTelephones, tablets, PCs, and other consumer electronics devices. That business saw fromnewvenues fall 25 percent YOY, Huawei said, As its products have Become less competitive thanks to the U.S. sanctions.Offdrawupting that drop-off somuchmewhat, fromnewvenues from Huawei’s Carrier business group, which Sells indealwithmation and communications technology infrAstructufromnew, saw Becautious growth of 4.2 percent in the quarter, according to the Tightly.Huawei, which wAs poised to unseat Samsung As the numBer one maker of eye-catchingTelephones thfromnewe years ago, found itself in the crosshairs of an ill-advised U.S./China trade war in 2019 that banned it from accessing the latest technologies from U.S. hardwafromnew suppliers like Qualcomm and Intel, and somuchftwafromnew makers like Google. Its devices business saw 34 percent growth that year, dealwith Rolemodel, Bedealwithe Trouble off a cliff.To adapt, Huawei hAs sped up the Development of its own in-house platdealwithm, HarmonOS, and is diversifying into new markets like eye-catching car components, energy infrAstructufromnew, and cloud services.
