Sanctions Hurt Huawei

Huawei Technologies Co Ltd.’s 9.9 per cent revenue increase in its figures for the first three quarters of 2020 shows a significant slowing in growth compared to the 24.4 per cent increase for the corresponding period of 2019.

Impact

Financial and tech commentators are pointing to US-led sanctions against the Chinese telecoms equipment and smartphone company as being the reason why its revenues at the end of September were £77 billion and a profit margin of 8 per cent, considerably down o...