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