spot_img
12.7 C
New York
spot_img
HomeTagsPlunge

Tag: plunge

Huawei’s first quarter revenue tumbles as smartphone sales plunge

Huawei's smartphone business has struggled under U.S. sanctions that restrict it from buying chips and other components from key suppliers.Costfoto | Future Publishing | Getty ImagesBEIJING — Chinese telecommunications giant Huawei announced Thursday that first quarter revenue fell by nearly 14% from a...