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Friday, 6 August 2021

Huawei experiences largest-ever revenue fall as sanctions crush its consumer division


Huawei's revenue for the first half fell to 320.4 billion yuan ($49.56 billion), reports Reuters. Not surprisingly, the biggest fall was in the consumer business group that once represented more than half its business. The segment, which includes the company's phones, declined 47% to 135.7 billion yuan.

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