Huawei revenue sinks as smartphones hurt by US sanctions

BEIJING: Chinese tech giant Huawei’s revenue fell 29.4 per cent from a year earlier in the first half of 2021 as smartphones sales tumbled under U.S. sanctions imposed in a fight with Beijing over technology and security.

Revenue declined to 320.4 billion yuan (USD49.6 billion), according to figures released Friday, from 454 billion yuan (USD70.2 billion) reported for the first half of 2020.