Thursday, 23 April , 2020     |     1748      |      +      |     

Huawei revenue growth slows sharply in virus-afflicted Q1

Huawei revenue growth slows sharply in virus-afflicted Q1 :
  • Technology

Chinese telecom giant Huawei said Tuesday its revenue grew at a sharply slower rate of just 1.4 percent in the first quarter, when the coronavirus and efforts to contain it shut down China’s economy.

The figures released by unlisted Huawei are among the first by a major Chinese corporation to provide a glimpse of the scale of the business impact from the pandemic, which emerged in China in December before spreading globally.


Huawei – the world’s top supplier of telecom networking equipment and number-two smartphone maker behind Samsung– did not directly attribute the slower revenue growth to the coronavirus, which froze consumer spending and global supply chains.

But it said the firm and “its supplier network are working together to address the tough challenges facing production and resume operations”.

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Category: #Technology | 2020/04/23 latest update at 10:00 PM
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