Huawei's nine-month revenue growth slows as U.S. restrictions bite

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Huawei is launching new products even as U.S. restrictions seem to be biting, with revenue growth slowing down from a double-digit pace seen in previous quarters

Oct 23 - China’s Huawei Technologies Co Ltd reported a 9.9% rise in nine-month revenue on Friday, as U.S. export restrictions and the global COVID-19 pandemic weakened sales growth in products such as smartphones and telecoms equipment.

Domestically, consumers have rushed to buy Huawei smartphones on concerns over the availability of newer models.

 

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