Chinese telecom major Huawei reports biggest ever revenue drop Chinese telecommunications giant Huawei Technologies reported its biggest ever revenue drop in the first half of 2021, after US sanctions drove it to sell a chunk of its once-dominant handset business and before new growth areas have fully matured. The company generated revenue of 320.4 billion yuan ($49.56 billion), it said on Friday. The biggest decline came from Huawei’s consumer business group, which includes handsets, where revenue fell 47 percent to 135.7 billion yuan. It eked out a 0.6 percentage point rise in its net profit margin to 9.8 percent, largely...