Home » Huawei is selling the Honor smartphone branch so the brand can survive
Mobiles

Huawei is selling the Honor smartphone branch so the brand can survive

Huawei is selling the Honor smartphone. This revealed by company official statement that company took this step the brand can continue to exist.
4.3/5 - (10 votes)

Huawei is selling the Honor – Chinese electronics manufacturer Huawei has announced it will sell the Honor smartphone branch so that the brand can continue to exist.

Huawei is selling the Honor

Honor is a smartphone branch within Huawei that often makes affordable mid-range smartphones that are intended for younger people. The fact that the smartphone branch is now going on sale is done to guarantee the survival of the brand. This has to do with continued pressure being carried out externally (for example by the US government) and the fact that the company now has no access to necessary parts for all kinds of smartphones and related products.

For Honor, the same sanctions that have been imposed by the US government apply, which now also apply to parent company Huawei. So Honor faces the same restrictions and is currently unable to do business with US companies. This makes it more difficult to obtain, for example, processors and the like. In addition, Honor relies a lot on technology from the parent company and if the parent company cannot get parts, those problems will trickle down to the bottom.

Such problems may be solved with a new owner. The company must then be given more flexibility when it comes to product development. A deal with, for example, Qualcomm or Google may be possible.

Hauwei says in his statement that the company will not remain involved with the brand and that all shares will be sold. The new owner will be Shenzhen Zhixin New Information Technology Co., a consortium of partners and companies approved by the Chinese government. It is not clear what the sales brought in, but Reuters reports that it likely brought in $ 12.81 billion.

Add Comment

Click here to post a comment