A facial recognition and artificial intelligence display at Huawei’s Bantian campus on April 26, 2019 in Shenzhen. Photo: Getty Images
A facial recognition and artificial intelligence display at Huawei’s Bantian campus on April 26, 2019 in Shenzhen. Photo: Getty Images
Huawei

Huawei reports second straight quarterly decline in sales as US sanctions knocked company off its growth pace

  • Huawei’s first-quarter revenue fell by 16.5 per cent to 152.2 billion yuan, mainly due to a shrinking consumer business
  • That implies the Shenzhen company’s quarterly net profit is at 16.9 billion yuan, according to calculations by the Post

A facial recognition and artificial intelligence display at Huawei’s Bantian campus on April 26, 2019 in Shenzhen. Photo: Getty Images
A facial recognition and artificial intelligence display at Huawei’s Bantian campus on April 26, 2019 in Shenzhen. Photo: Getty Images
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