HUAWEI’S Q1 REVENUE FELL 16.5% TO $23.5 BILLION

Highlights –

• Huawei’s Q1 revenue fell 16.5% to $23.5 billion.
• The company attributed the decline to lower revenue for its consumer unit.
• It is struggling to hold onto its global market share after U.S. sanctions that devastated its smartphone sales.
• Huawei has a stockpile of U.S. chips for high-end smartphones.

Huawei Technologies Ltd., China'....