It’s no secret that Huawei has been in a difficult place since it was added to the US entity list and was in fact cut off from Google on its Android phones. With no solution in sight, Huawei is reportedly in talks to sell its premium Mate and P smartphone brands.
Reuters reports that Huawei is in talks at an early stage to sell both its Mate and P-Series smartphone brands, leading to an eventual exit from the luxury smartphone space. Apparently, Huawei has been talking about this move since September 2020 and despite the ongoing active talks, no final decision has been made yet. If sold, the brands will be bought by a government support group, just as happened with Honor last year.
Huawei Technologies Co. Ltd., China, is in the early stages of selling its premium smartphone brands P and Mate.
The potential sale of Huawei’s premium smartphone lines indicates that the company has little hope that the new Biden administration will have a change of heart regarding the supply chain restrictions that have been placed on Huawei since May 2019, the two people said.
Huawei’s Mate and P-Series smartphones have been among the most popular smartphones in the world for years, according to IDC, the two lines are worth $ 39.7 billion between Q3 2019 and Q3 2020.
However, this news should be summed up with a grain of salt, as a Huawei spokesman said directly that the company “does not have such a plan” and that “there is no talk of these rumors.” It is noteworthy, however, that it is a bit familiar. Just this month, rumors of LG leaving the smartphone business were denied directly by spokespersons, confirmed just a week later.
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