BEIJING: Embattled Chinese tech giant Huawei said Wednesday (Apr 28) first-quarter revenue fell after it sold its lower-priced Honor smartphone brand, but profitability improved.
Sales declined 16.5 per cent from a year earlier to 152.2 billion yuan (US$23.5 billion) due in part to lower revenue for its consumer unit, the company said. It gave no earnings but said its
China is threatening to take aggressive action against Canada if the country fails to release Huawei’s CFO from custody and obeys a U.S. extradition request.
“For Canada, if they do not correctly handle this matter there will be serious consequences. You asked, what kind of serious consequences would these be? I can tell you in one sentence – it is totally up to Canada.” — Lu Kang, Chinese Foreign Ministry spokesman