Technology

Huawei revenue sees biggest ever fall

Huawei revenue sees biggest ever fall

Huawei revealed its biggest-ever decline in revenue in the first half of 2021 - it fell by almost 30% to Rmb320 billion (£35.5 billion). The firm sold part of its mobile phone business following US sanctions, which analysts say contributed to the drop. Sanctions make it hard for Huawei to buy components and software using US technology. Revenue from Huawei's consumer electronics arm, which includes phones fell by 47%.

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