Huawei posts worst interim sales slump in decades as smartphone, telecoms gear businesses shrink amid US sanctions

Source: Tech – South China Morning PostHuawei Technologies Co reported its worst interim revenue decline in decades, as US trade sanctions on essential hardware components and software hammered sales at its core smartphone business.First-half revenue fell 29.4 per cent from a year ago to 320 billion yuan (US$49.5 billion), according to data released on Friday by the Shenzhen-based company, which has been reporting its financial results regularly for more than a decade even as it remains a privately held firm.Revenue from Huawei’s…Read More

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