Sanctioned Huawei keeps on losing money, just not as quickly [TechSpot]

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As per the SCMP, Huawei reported revenue of 301.6 billion yuan, or around $44.7 billion, for the first half of 2022, marking a 5.9% year-on-year drop. That’s an improvement over the first quarter results, which saw revenue down 13.9% YoY. Its profit margin declined to 5%, dropping by almost half…