SHENZHEN, China, April 28 Reuters China39;s Huawei Technologies said on Thursday its firstquarter revenues slipped 13.9 from a year earlier, with new business areas yet to reverse the company39;s waning fortunes brought about by being placed on a U.S. sanctions blacklist.
The Chinese telecoms giant posted revenue of 131 billion yuan 19.9 billion in the first quarter, down from 152.2 billion yuan a year earlier, when it was already registering damage to its once dominant handset business.
The results were in line with forecasts, said Ken Hu, Huawei39;s rotating chairman.
Our consumer business was heavily impacted, and our ICT information and communication technology infrastructure business experienced steady growth, Hu said.
In 2019, the United States placed Huawei HWT.UL on an export blacklist barring it from accessing critical technology of U.S. origin, hurting its ability to design chips and source components from outside vendors.
A Huawei spokesperson said the company has taken measures to meet consumer demand for smartphones.
Consumers can purchase Huawei smartphones more readily now including the latest bestselling models, such as its flagship P50 and Nova series, the spokesperson said, without giving further details on chip and component supplies.
Huawei held just 6.2 of the China handset market in the first quarter, research firm Counterpoint Research said on Thursday.
The same quarter, Honor, a unit Huawei sold in December 2020, saw its market share…