Huawei revenue plunges further in ‘challenging times’ | The Guardian Nigeria News


(FILES) This file photo taken on September 18, 2019 shows a Huawei logo during the 2019 Huawei Connect conference in Shanghai. – Huawei has overtaken Samsung to become the number one smartphone seller worldwide in the second quarter this year, industry tracker Canalys said on July 30, 2020. (Photo by STR / AFP)

Chinese telecoms giant Huawei’s second-quarter revenue plunged 38 percent, according to figures released Friday, with smartphone sales suffering from US sanctions and the offloading of its budget brand Honor.

Huawei is at the centre of an intense US-China trade and tech rivalry after the government of former president Donald Trump voiced concern the company could be used for espionage.

The United States has provided no evidence of spying but has barred Huawei from acquiring technologies crucial to its operations such as microchips and cut it off from using Google’s Android operating system.

For the first half of the year, Huawei’s overall revenues were 320.4 billion…

Source: Guardian Newspaper