Huawei revenue slides in Q3 as smartphone business remains crippled
The Hindu
Revenue for the third quarter alone came to 135.4 billion yuan, based on Reuters calculations.
Revenue of China's Huawei Technologies Co Ltd plummeted 38% in the third quarter compared to the same period a year earlier, with U.S. sanctions having hobbled its smartphone business and new potential growth areas still in their infancy.
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The Chinese telecoms giant posted revenue of 455.8 billion yuan ($71.32 billion) for the first three quarters on Friday, down by almost a third on the same period a year earlier, with a profit margin of 10.2%.
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