Huawei Reported a Sharp Decline in Revenue

Huawei reported a drop in revenue for the three months to September, as sales of its smartphones fell following US trading bans. The company has suffered since the US government added it to a trade blacklist last year, which prevents American companies from doing business with Huawei without government approval.
The ban prevents US firms from selling parts and software to Huawei, while Google is stopping its Android operating system from being used on future Huawei handsets. This has led to much uncertainty over the future of Huawei’s smartphone business, which makes up more than half of its revenue.
Huawei said it was …