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Home CHINA TECHNOLOGY NEWS

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

by 198 China News
August 6, 2021
in CHINA TECHNOLOGY NEWS
1 min read
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Huawei Applied sciences Co reported its worst interim income decline in a long time, as US commerce sanctions on important {hardware} parts and software program hammered gross sales at its core smartphone enterprise.First-half income fell 29.4 per cent from a yr in the past to 320 billion yuan (US$49.5 billion), based on knowledge launched on Friday by the Shenzhen-based firm, which has been reporting its monetary outcomes recurrently for greater than a decade even because it stays a privately held agency.Income from Huawei’s…

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Tags: businessesdecadesgearHuaweiinterimpostssalesSanctionsshrinkslumpsmartphonetelecomsworst
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