Source: Tech – South China Morning PostHuawei Technologies saw a nearly one-third decline in profit in the first half of the year, despite reclaiming the throne in China’s smartphone market, according to a filing from its shareholding entity Huawei Investment & Holding.
Net profit during the period fell 32 per cent year on year to 37.2 billion yuan (US$5.2 billion), while revenue grew 4 per cent to 427 billion yuan, according to a filing to the Shanghai Clearing House on Friday. Privately owned Huawei regularly discloses its…Read More