Huawei reports revenue of $23.5B in Q1, down 16.5% YoY, the second consecutive quarter in which Huawei's revenues declined (Ryan Browne/CNBC)

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Ryan Browne / CNBC:
Huawei reports revenue of $23.5B in Q1, down 16.5% YoY, the second consecutive quarter in which Huawei's revenues declined  —  - Huawei said its revenues fell 16.5% year-on-year to 152.2 billion Chinese yuan ($23.5 billion) in the three months ending March 31.

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