Huawei’s fall from tech behemoth grace continues, with tumbling finances and a stark warning from execs that survival, not expansion, is the short-term goal. The Chinese firm had once been seen as a compelling rival to Apple, Samsung, and others, but being placed on the US trade blacklist in 2019 yanked the ground out from under those ambitions.

In late 2019, for example, Huawei was a juggernaut of global smartphone sales.
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