A corporate logo sits on a Huawei NetEngine 8000 intelligent metro router on display during a 5G event in London on Feb. 20, 2020. Photo: Bloomberg

Huawei reports meagre revenue growth in first quarter as coronavirus, US sanctions take a toll

  • The company said its net profit margin in the first quarter was 7.3 per cent, lower than the 8 per cent in the same period last year
  • IDC expects growth to resume in global smartphone shipments in 2021, driven by accelerated 5G efforts
Topic |   Huawei
A corporate logo sits on a Huawei NetEngine 8000 intelligent metro router on display during a 5G event in London on Feb. 20, 2020. Photo: Bloomberg
READ FULL ARTICLE