Smartphone
Huawei’s first quarter revenue tumbles as smartphone sales plunge
Huawei’s smartphone business has struggled under U.S. sanctions that restrict it from buying chips and other components from key suppliers. Costfoto | Future Publishing | Getty Images BEIJING — Chinese telecommunications giant Huawei announced Thursday that first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved. “Our […]
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Business Tech
Takealot Group nears breakeven as revenue surges
Global internet group Naspers said it delivered a strong financial performance for the six months ending September 2021, growing e-commerce revenues by 52%, while continuing to make investments to further accelerate growth across its portfolio. E-commerce revenue growth accelerated, up 52% to $4.6 billion, while the group pointed to a figure of $5.2 billion invested […]
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