HUAWEI plans to sell flagship brands of P and Mate phones: report
HUAWEI sold its sub-brand Honor to a government-backed consortium in November last year, citing sanctions imposed by the U.S. government, which involved putting HUAWEI on an entity as well as on a military blacklist. Now, it looks like the fate that befell Honor will befall the HUAWEI P and Mate flagship smartphone series as well.. According to a Reuters report, the Chinese telecom equipment and electronics giant is in talks to sell its P and Mate series brands to a consortium of buyers. If the deal goes through, HUAWEI will essentially pull out of the flagship smartphone segment.
Talks between the world’s largest telecommunications equipment maker and a consortium led by investment companies backed by the Shanghai government have been going on for months, the people said, declining to be identified as the talks were Huawei started to explore internally the possibility of selling the brands as early as last September, according to one of the sources â, said the report.
However, the sale of its flagship P and Mate branded products may not materialize, however, as the company is still trying to manufacture its internal Kirin chips that power both HUAWEI and Honor branded phones. The company has, however, refuted discussions of such a deal.. But if there is any truth in the latest report, it would be a clear sign that HUAWEI is not overly optimistic with a new president taking the helm in the United States, following trade sanctions imposed under the Trump administration. .
“Huawei has learned that there are unfounded rumors circulating about the possible sale of our flagship brands of smartphones. These rumors have no basis. Huawei does not have such a plan,” a HUAWEI spokesperson said. While the company disagrees with the Reuters report, things are unlikely to ease anytime soon or drastically for the company.
HUAWEI’s P and Mate series phones are among the top selling flagships in its home country, and they left great influence in other markets as well, before being banned from offering Google Play services due to US trade sanctions. While devices without Google services preinstalled on them are a norm in China, selling a phone without access to Gmail, Google Maps and Play Store in other markets is a difficult task, as the shrinking market share clearly shows. international o P and Mate Series Flagships.