Huawei aiming ‘to survive’ amid 29% fall in revenue
Reading Time: 2 minutesTech giants Huawei has released its business results for the first half of 2021, with an overall performance showing almost US$50 billion in revenue, in line with forecast. In H1, Huawei generated ¥320.4 billion (US$49.39 billion) in revenue, with its net profit margin reaching 9.8 per cent – up from 9.2 per cent a year ago. Of that sum, its carrier business generated ¥36.9 billion (US$21.10 billion), while its enterprise business brought in ¥42.9 billion (USD6.61 billion) and consumer business revenue accounted for ¥135.7 billion (US$20.92 billion). The company’s revenue marked a significant 29.5 per cent drop from the ¥454…