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Tag: U.S. sanctions bite

  • Huawei’s growth slows sharply as U.S. sanctions bite

    Huawei’s growth slows sharply as U.S. sanctions bite

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    Virter

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    GUANGZHOU, China — Huawei’s income development eased back forcefully in the second from last quarter while its edge plunged as U.S. sanctions upset its business. Income for the September quarter came in at 217.3 billion yuan ($31.91 billion), up only 3.7% from the 209.5 billion yuan recorded in a similar period a year ago. For…