BEIJING—Chinese tech giant Huawei’s revenue fell 29.4 percent from a year earlier in the first half of 2021 as smartphones sales tumbled under U.S. sanctions imposed in a fight with Beijing over technology and security.
Revenue declined to 320.4 billion yuan ($49.6 billion), according to figures released Friday, from 454 billion yuan ($70.2 billion) reported for the first half of 2020. Part of that was due to Huawei’s November sale of its low-cost Honor smartphone brand in hopes of reviving the unit by separating it from the sanctions on the parent company.
