Chinese telecom company ‘Huawei’ witnesses a halt in their growth graph in the first-quarter earnings due to the COVID-19 pandemic.
According to reports published by the Shenzhen-based firm on Tuesday, 182 billion yuan ($25.7 billion) is the revenue for the first quarter. The revenue increased by 1.4% only. This is a huge fall compared to 39% growth reports in January to March time period last year.
This is the second time the company has revealed its first-quarter revenue.
Huawei further reported a possible delay in rolling out the 5G networks in the European market.