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revenue barely grew despite growing phone, car sales

Source: cnbc.com cnbc.com
News Snapshot:

Visitors line up in front of the Huawei flagship store on Nanjing East Road, one of the city's main commercial and tourist area, in Shanghai, China, on Sept. 30, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third quarter from a year ago, according to CNBC calculations. That's despite the company's release of a popular new smartphone in late August and growing sales within its electric car venture. Huawei said revenue for the first three quarters of the year rose by 2.4% year-on-year…

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