Chinese vendor Huawei reported overall revenues of CNY301.6 billion ($44.7 billion) in the first half of the year, down 5.9% year-on-year.
In the first quarter of the year, Huawei’s revenues had declined by 13.9% compared to the year-ago period.
In a release, the vendor said its overall performance in the period “was in line with [its] forecast”.
Huawei also said it reached a net profit margin of 5.0% in the first half of the year.
Revenue from the device business group, which includes smartphone sales, declined 25.4% to CNY101.3 billion in H1.
