Huawei’s steady decline continues

Chinese vendor Huawei has issued one of its minimal quarterly numbers bulletins and it reveals yet another fall in revenues.
For Q1 2022 Huawei says it brought in CNY131 billion in revenue, with a net profit margin of 4.3%. That’s all you get, no segmentation, year-on-year comparisons, or anything like that. Thankfully we wrote an equivalent report a year ago, which allows us to calculate that Huawei’s most recent revenues declined 14% YoY. Margin, meanwhile was 11.1% back then.
Such