Friday, 24 March, 2023

Huawei revenue still in slump, after three-quarter total drops by a third

<p>Chinese tech giant Huawei reported its three-quarter revenue today, which showed the company is still in a slump in its consumer segment. First-quarter sales were down by 16.5%, while by the six-month mark revenue dropped by 29%. At the end of the third quarter, Huawei reported taking 456B yuan in revenue, signifying an almost 33% drop from 671B yuan revenue reported last year.<br /> &nbsp;</p>