Huawei's first quarter revenue tumbles by nearly 14% as smartphone sales plunge

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Huawei's first quarter revenue tumbles by nearly 14% as smartphone sales plunge
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Chinese telecommunications giant Huawei said first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved.

Chinese telecommunications giant Huawei reported a nearly 14% drop in first quarter revenue from a year ago as its consumer business remained under pressure from U.S. sanctions.

Overall smartphone sales in China across brands fell by 14% in the first quarter from a year ago, the data showed.

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