Huawei reports Q2 revenue fell 38% YoY to ~$26B, up from a 16.5% drop in Q1 and 11.2% drop in Q4, as US sanctions continue to hurt sales (Dan Strumpf/Wall Street Journal)

Dan Strumpf / Wall Street Journal:
Huawei reports Q2 revenue fell 38% YoY to ~$26B, up from a 16.5% drop in Q1 and 11.2% drop in Q4, as US sanctions continue to hurt sales  —  Revenue declines deepen amid U.S. restrictions on chip supply, pressure on buyers  —  HONG KONG—China’s Huawei Technologies Co. reported a 38% fall …