Huawei reports biggest ever revenue drop as consumer growth engine stutters
The Hindu
Revenue also fell 14% in the first half from Huawei's telecoms equipment business, which a spokesperson said was partially down to the slowdown in China's 5G rollout.
Chinese telecommunications giant Huawei Technologies reported its biggest ever revenue drop in the first half of 2021, after U.S. sanctions drove it to sell a chunk of its once-dominant handset business and before new growth areas have fully matured. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) The company generated revenue of 320.4 billion yuan ($49.56 billion), it said on Friday.
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