Huawei Reports 17% Revenue Decline
Huawei, hit by U.S. and international export sanctions, on Wednesday said Q1 revenue fell 17% year on year to 152.2 billion Chinese yuan ($23.5 billion). It's the second consecutive quarterly drop. "2021 will be another challenging year for us, but…
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it's also the year that our future development strategy will begin to take shape," said Eric Xu, the rotating chairman.