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The Independent UK
The Independent UK
National
Via AP news wire

Huawei's Q1 sales down 14% as U.S. sanctions remain

Copyright 2020 The Associated Press. All rights reserved.

Chinese telecoms equipment and smartphone maker Huawei's sales fell 14% in January-March from a year earlier as it pumped money into research and development while grappling with U.S. sanctions, according to figures released by the company Thursday.

Huawei Technologies said its revenue was 131 billion yuan ($19.8 billion) in the first quarter of 2022, compared to 152.2 billion yuan a year earlier.

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