Friday, August 12, 2022

China's Huawei reports 52 percent decline in first-half profit due to weaker demand

Revenue dropped 5.9 percent year-on-year during the period to 301.6 billion yuan ($44.73 billion), with a sharper decline during January-March. https://ift.tt/RjawoEs
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China's smartphone shipments fell 4.3% YoY to 66M units in Q2, the fifth consecutive quarter of decline, amid a memory shortage; Huawei and Apple grew shipments (Kiranjeet Kaur/IDC)

Kiranjeet Kaur / IDC : China's smartphone shipments fell 4.3% YoY to 66M units in Q2, the fifth consecutive quarter of decline, amid ...