Skip to content
Subscriber Only

Huawei Sales Growth Slumps as U.S. Sanctions Start to Bite

  • Chairman says home-grown alternative to Android could be used
  • Company says difficulties ahead could affect pace of growth
Bloomberg business news
Liang says Huawei could develop its own operating system if it is not able to use Android for new products.(Source: Bloomberg)
Updated on

Huawei Technologies Co. has seen a dramatic slowdown in sales growth as it deals with U.S. efforts to curb its business and warned of tougher days ahead.

Revenue at the telecommunications giant increased 13% in the June quarter to 221.6 billion yuan ($32 billion), down from the 39% of the three months ended March, according to Bloomberg News calculations from first half numbers released on Tuesday. The latest results are the first since the Trump administration effectively banned U.S. companies from working with Huawei, forcing it to plug holes in its consumer business and adjust staffing levels.