Wednesday, 27 January 2021 11:37

Huawei denies report it plans to sell high-end phone business Featured

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Huawei denies report it plans to sell high-end phone business Pixabay

Chinese smartphone vendor Huawei is trying to sell its P and Mate flagship smartphone divisions, a report claims, adding that this move, if carried through, would mean the company's exit from the premium smartphone business. The company has denied it has any such plan.

The firm has been hit by restrictions imposed on its by the US which have affected both its ability to obtain the high-end SoCs and also the Android operating system for its P and Mate devices which compete with the iPhone and other top-end models.

In November last year, Huawei sold its budget line of smartphones, known as Honor, to Shenzhen Zhixin New Information Technology, a new company formed by 30 dealers and agents, for an unspecified sum.

Reuters reported that talks between a consortium led by investment firms which had support from the Shanghai Government and Huawei had been going on for months now.

The company, however, denied that any such talks were happening.

About US$40 billion worth of Mate and P Series phones shipped between the third quarter of 2019 and the third quarter of 2020, according to the tech research company IDC.

A Huawei Australia spokesman told iTWire: “Huawei has learned there are unsubstantiated rumours circulating regarding the possible sale of our flagship smartphone brands. There is no merit to these rumours whatsoever. Huawei has no such plan.

"We remain fully committed to our smartphone business, and will continue to deliver world-leading products and experiences for consumers around the world."


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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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