Huawei consumer business continues to tank

Chinese telecoms vendor Huawei’s latest quarterly numbers reveal another big fall in revenues, thanks mainly to its crippled consumer division.
While we should perhaps be grateful that privately-owned Huawei chooses to share any numbers with us, we still regret how sparing they are. We get these days is just the two datapoints: that revenue for the first three quarter combined was CNY455.8 billion and its net profit margin was 10.2%. The revenue figure is down 32% year-on-year but the marg