It is no secret that Huawei has been in a difficult situation since it was added to the United States list of entities and essentially cut off from Google on its Android phones. With no solution in sight, Huawei is in talks to sell its premium brands of Mate and P series smartphones.
Reuters reports that Huawei is in “early stage negotiations” to sell its Mate and P series smartphone brands, leading to an eventual exit from the high-end smartphone market. Apparently, Huawei has been talking about this move since September 2020 and, although active talks continue, a final decision has not been made. If sold, the brands would be bought by a government-backed group, just as Honor did last year.
China’s Huawei Technologies Co Ltd is in the early stages of negotiations to sell its premium smartphone brands P and Mate, said two people with direct knowledge of the matter, a move that could result in the company’s exit from the high-end smartphone manufacturing business. .
The potential sale of Huawei’s premium smartphone lines suggests that the company has little hope that the new Biden government will change its heart regarding the supply chain restrictions imposed on Huawei since May 2019, the two people said.
Huawei’s Mate and P series smartphones have been among the most popular smartphones in the world for years, with the two lines worth $ 39.7 billion between the third quarter of 2019 and the third quarter of 2020, according to IDC.
This news must be taken with a grain of salt, however, as a spokesman for Huawei said directly that the company “does not have this plan” and that “there is no merit to these rumors”. It is important to note, however, that this sounds a little familiar. Just this month, rumors about LG’s departure from the smartphone market were directly denied by spokesmen, only to be confirmed a week later.
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