Huawei revenues dip 29% in third straight quarter of decline

Huawei has had its biggest-ever dip in revenue, from two years into Washington’s sanctions which battered both its network infrastructure and smartphone sales and the company’s crucial access to semiconductors.
The stricken Shenzhen giant is now attempting a “pivot to software”, led by its HarmonyOS operating system, amid what its rotating chairman Eric Xu (pictured) diplomatically calls “a decline in revenue from our consumer business caused by external factors&rdq