Huawei's first quarter revenue tumbles by nearly 14% as smartphone sales plunge - CNBC
4/28/2022 12:00:00 AM3 yearsago
by Evelyn Cheng
by Evelyn Cheng
Chinese telecommunications giant Huawei said first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved.
Huawei's smartphone business has struggled under U.S. sanctions that restrict it from buying chips and other components from key suppliers. BEIJING Chinese telecommunications giant Huawei announced … [+2454 chars]
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