US sanctions are starting to catch up to Huawei ...Middle East

Quartz - Economy
US sanctions are starting to catch up to Huawei
source : Quartz ( Middle East ) () 7
Huawei sales fell for the second quarter in a row as the Chinese telecom giant’s mobile phone business is buffeted by geopolitical tensions between China and the West.As a private company, Huawei is not subject to the same strict reporting requirements as its publicly listed rivals. Its quarterly earnings reports typically disclose only unaudited revenue and net profit margin numbers. They are:152.2 billion yuan ($23.5 billion) in sales revenue in the first three months of the year, a 16.5% decrease from the same time last year, when it reported revenue of 182.2 billion yuan.An 11.1% year-on-year increase in net profit margin, which Huawei attributed to a $600 million check from a patent lic

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