Reuters edition shared exclusive information: Huawei is negotiating the P and Mate series’s sale of premium smartphones. However, the company denies the rumours.
These are unfounded rumors about the possible sale of Huawei’s flagship smartphone brands. 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.
Nevertheless, according to the source, negotiations are underway with the Shenzhen Zhixin New Information Technology consortium, which consists of 30 companies in China and acquired the Honor brand last year.
The deal has been discussed over the past two months, but Huawei has not made a final decision.
According to IDC, shipments of the P-series and Mate smartphones between the third quarter of 2019 and the third quarter of 2020 totalled nearly $ 40 billion.
One of the reasons for the potential sale of the line of smartphones may be that the company is not completely sure that the Biden administration will change its decision regarding the supply chain restrictions introduced in May 2019.