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Everything is very bad: Huawei is credited with the intention to sell the flagship smartphone brands – the P series and Mate
The Chinese company Huawei Technologies is negotiating the possible sale of its flagship smartphone brands – the P and Mate series. This was announced by the CNBC news agency, citing two sources close to the question. Negotiations are currently at an early stage of discussion. If the deal goes through, Huawei could exit the premium smartphone business.
Huawei has been thinking about selling its smartphone brands for months now, according to sources. According to one of them, this issue began to be examined back in September last year. The discussion is attended by the largest companies in the production of telecommunications equipment, as well as a special consortium led by Chinese pro-government investment companies. Until now, nothing was known about this, since all discussions on this matter were strictly confidential.
Huawei sold $ 39.7 billion of P- and Mate-series smartphones between the third quarter of 2021 and the third quarter of 2021, according to consulting company IDC. Sources indicate that the company has not yet made a final decision on the sale of brands. She may abandon the idea altogether, as she is still looking for ways to produce Kirin mobile chips of its own design, which power her smartphones. In Huawei itself, all talks about a possible sale are denied.
“According to Huawei, unfounded rumors began to circulate in the market about the alleged sale of brands of our flagship series of smartphones. There are no grounds for such rumors. Huawei has no such plans, ”according to CNBC, one of the company’s representatives said.
The Chinese government also said they knew nothing about the situation and refused to comment on it.
As one of the sources pointed out, the potential sale of Huawei’s premium smartphone brands could mean that the company sees no hope of improving trade and economic relations between China and the United States, as well as lifting the restrictions that America has imposed on the Chinese manufacturer since May 2021. Later, the US threatened to impose sanctions on any other company that would do business with Huawei.
Shanghai investment companies backed by the Chinese government have formed a consortium for the Huawei deal, another source said. A similar approach was taken during the sale of the Honor smartphone brand, which was previously owned by Huawei and now owned by Shenzhen Zhixin New Information Technology, which includes 40 different companies. Sources also added that Huawei wants to retain the management of the P and Mate brands if the deal to sell its premium smartphone brands does take place.
The Russian office of Huawei also denied the news about the sale of flagship brands: “Huawei has become aware of the existence of unfounded rumors about the possible sale of flagship brands of HUAWEI smartphones. The company has no such plans, and these rumors have no basis. We continue to fully support smartphone manufacturing and will continue to provide innovative products to consumers around the world. “.