Huawei’s Revenue Halved as It Researches Blacklist Workarounds

Huawei Applied sciences Co.’s revenue plunged 46% within the first quarter whereas income barely grew, because the Chinese language telecom tools maker spent closely on analysis to attempt to get round US know-how sanctions.

Web revenue dived to three billion yuan ($434 million) in 2023’s first three months, in response to Bloomberg Information calculations based mostly on the two.3% revenue margin it introduced Friday. That adopted Huawei’s first annual revenue decline in additional than a decade, as years of US sanctions obliterated a once-thriving smartphone arm that competed with Apple Inc. and Samsung Electronics Co.

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