Huawei’s Q1 Sales Down 14 Percent as US Sanctions Remain

A man wearing a mask sits near a Huawei store logo in Beijing, China, on July 31, 2020. Ng Han Guan/AP Photo

SINGAPORE—Chinese telecoms equipment and smartphone maker Huawei’s sales fell 14 percent in January–March from a year earlier as it grappled with U.S. sanctions, according to figures released by the company Thursday.

Huawei Technologies said its revenue was 131 billion yuan ($19.8 billion) in the first quarter of 2022, compared to 152.2 billion yuan a year earlier.