estimated on Friday that its 2022 revenue remained flat, suggesting its sales decline due to US sanctions had come to a halt.
“US restrictions are now our new normal, and we’re back to business as usual,” Xu wrote in the letter that was addressed to staff and released to media.Revenue for the year is expected to be C¥636.9-billion , according to Xu. That represents a tiny increase from 2021, when revenue hit C¥636.8-billion, and marked a 30% year-on-year sales tumble as the US sanctions on the company took effect.
Revenue for 2022 still remained well below the company’s record of $122-billion in 2019. At the time the company was at its peak as the top Android smartphone vendor globally.
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