GOOGL +2.82% Add to/Remove from Watchlist Add to Watchlist Add PositionPosition added successfully to:Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close GOOG +2.88% Add to/Remove from Watchlist Add to Watchlist Add PositionDespite sales increasing a mere 0.02%, rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s letter, where he revealed the figure.Revenue for 2022 still remains 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.In 2019, the U.S. Trump administration imposed a trade ban on Huawei, citing national security concerns, which barred the company from using Alphabet (NASDAQ:GOOGL) Inc’s Android for its new smartphones, among other critical U.S.-origin technologies.(This story has been corrected to fix erroneous numbers in the lead paragraph and 2021 revenue in paragraph 5).
This article was originally published by Investing.com.
