Huawei may sell Honor smartphone brand [Video]

Huawei is set to sell much of its Honor smartphone brand, according to Reuters sources.

Battered by U.S. sanctions, the Chinese firm is reportedly rethinking its priorities.

It wants to focus on its high-end phones, and ditch the budget-focused Honor offering.

The assets to be sold have yet to be decided, but could include the brand, research and development facilities and other units.

That could raise up to 3.7 billion dollars.

The front-runner for the acquisition is seen as Digital China Group.

It’s the main distributor for Honor phones.

But other contenders include electronics maker TCL and rival smartphone brand Xiaomi.

There was no immediate comment on the reports from Huawei or Digital China.

The Honor brand accounts for about a quarter of Huawei’s phone shipments.

But analysts say profit margins at the budget end of the market are razor thin.

Honor phones compete with value brands including Xiaomi, Oppo

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Huawei discussing $3.7 billion sale of parts of Honor business: Report

  • Huawei is in talks with Digital China Group and other buyers to sell parts of its Honor smartphone business, Reuters reported.
  • The deal could be worth up $3.7 billion, a person familiar with the matter told Reuters.
  • The Chinese tech giant, facing heavy US sanctions, wants to concentrate on its high-end Huawei phones from now on, sources said.
  • Other potential buyers include smartphone maker Xiaomi and TCL Technology, the report said.
  • Visit Business Insider’s homepage for more stories.

Huawei is in talks to sell parts of its Honor smartphone business in a deal which could fetch up to 25 billion yuan ($3.7 billion), Reuters reported. 

Huawei, which faces heavy sanctions in the US, wants to step away from developing its low-cost Honor phones and instead concentrate on high-end Huawei devices, according to people familiar with the matter.

Digital China Group, the main distributor for Honor smartphones, is the frontrunner to

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Huawei is in talks to sell part of its Honor smartphone unit

honor 30 pro plus review rear in hand

  • Huawei is reportedly in talks to sell off parts of its Honor unit.
  • It’s believed that Digital China, TCL, and Xiaomi are interested in the deal.

US sanctions against Huawei mean that the company’s smartphone business has suffered in a big way. Between its crippled in-house chipset division and the lack of Google support, it’s becoming increasingly tough for the firm to keep producing phones.

These troubles extend to its Honor sub-brand too, but Reuters now reports that Huawei is in talks to sell off parts of the Honor business in a deal potentially worth up to 25 billion yuan (~$3.7 billion).

The report, citing “people with knowledge of the matter,” alleges that Honor’s brand, research and development infrastructure, and associated supply chain management business could be sold under the deal. However, the newswire’s sources caution that this hasn’t been finalized yet.

It’s believed that Huawei will focus on higher-end

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Official render reveals the Huawei Mate 40 series’ unique camera array

huawei mate 40 octagonal camera array
  • An official render of a Huawei Mate 40 series phone has surfaced online.
  • The render suggests at least one of the phones in the series will sport an octagonal camera array.
  • It seems the phone will also sport physical volume buttons.

Growing tired of the all-too-common rectangle camera arrays on flagships? The Huawei Mate 40 series may represent something of a break. According to a teaser (via GSMArena) posted to Weibo by Huawei’s head of mobile product, He Gang, at least one of the phones in the range will sport an octagonal camera array.

Judging by the render, the six-sided array will occupy a large portion of the phone’s upper third. It’s a stark departure from previous non-official renders portraying the Mate 40 with a circular camera array. The render doesn’t give us much info on the actual sensor arrangement or how many shooters will be present. Huawei fans

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Exclusive: Huawei in talks to sell parts of its Honor smartphone business

By Julie Zhu



screen of a cell phone in front of a mirror posing for the camera: People walk past an advertisement for Huawei's Honor smartphones at an airport in Shenzhen


© Reuters/CHINA STRINGER NETWORK
People walk past an advertisement for Huawei’s Honor smartphones at an airport in Shenzhen

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.



FILE PHOTO: President of Huawei's Honor brand, George Zhao, launches the Honor 20 range of smartphones at an event in London


© Reuters/PETER NICHOLLS
FILE PHOTO: President of Huawei’s Honor brand, George Zhao, launches the Honor 20 range of smartphones at an event in London

Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.



graphical user interface: FILE PHOTO: Huawei's new Honor 20 smartphone is seen at a product launch event in London


© Reuters/PETER NICHOLLS
FILE PHOTO: Huawei’s new Honor 20 smartphone is seen at a product launch event in London

The

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Huawei in talks to divest parts of Honor smartphone business, sources say

By Julie Zhu

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.

Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.

The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.

The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.

Digital China, the main

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Huawei Mate 40 series will be revealed October 22

Huawei Mate 30 Pro Macro rear camera housing
  • The Huawei Mate 40 series, including the Huawei Mate 40 Pro, will be officially revealed on October 22.
  • The reveal was made by Huawei’s Consumer Business CEO Richard Yu via Weibo.
  • Unfortunately, the Mate 40 Pro won’t have Google apps and could be the last of its kind.

Update: October 10, 2020: Huawei Consumer Business CEO Richard Yu has confirmed, via Weibo (h/t GSMArena), that the Huawei Mate 40 series will be revealed on October 22. The reveal will be made starting at 8 AM Eastern time (5 AM Pacific time).


Original story: October 9, 2020: Things have been relatively quiet surrounding the Huawei Mate 40 and Huawei Mate 40 Pro (for obvious reasons). However, we still expect the phones to launch at some point this month, and a leaker claims to know exactly when that will happen.

According to leaker @rodent950 (who has had reliable info in the

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U.S. Sanctions Turn up Heat but Huawei Serving European 5G Clients, Executive Says | Top News

ZURICH (Reuters) – Chinese telecom giant Huawei is finding it harder to counter U.S. sanctions designed to choke off its access to semiconductors but can continue to serve European 5G network clients, a senior European executive told an Austrian newspaper.

The world’s biggest maker of mobile telecommunications equipment and smartphones was still “looking for a solution” to help millions of Huawei phone users after Google

was banned from providing technical support for new Huawei phone models using mobile operating system Android.

“Since the U.S. sanctions last year, U.S. manufacturers of semiconductors are no longer allowed to supply us so our previous U.S. partners can no longer work with us. Since August it has become even more difficult,” Abraham Liu, Huwaei’s vice-president for Europe, told the Kurier paper.

He said Washington was “blackmailing” chipmakers into shunning ties with Huawei, which denies U.S. allegations that Huawei equipment could be used by Beijing

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Samsung earnings soar on smartphone sales rebound, US sanctions on Huawei

Samsung predicts its profit jumped nearly 60% last quarter, suggesting it could soon retake its position as the world’s top smartphone seller from embattled Chinese rival Huawei.



a person standing in front of a mirror: A man wearing a protective mask walks past an advertisement for the Samsung Electronics Co. Galaxy Z Fold2 5G and Z Flip 5G smartphones at the company's D'light flagship store in Seoul, South Korea, on Tuesday, Oct. 6, 2020. Photographer: SeongJoon Cho/Bloomberg via Getty Images


© Cho/Bloomberg via Getty Images
A man wearing a protective mask walks past an advertisement for the Samsung Electronics Co. Galaxy Z Fold2 5G and Z Flip 5G smartphones at the company’s D’light flagship store in Seoul, South Korea, on Tuesday, Oct. 6, 2020. Photographer: SeongJoon Cho/Bloomberg via Getty Images

The South Korean conglomerate said on Thursday that it expects to make an operating profit of roughly 12.3 trillion won ($10.6 billion) for the July-September quarter. That’s up 58% from the same period a year ago. The estimates also beat the 26% profit bump analysts polled by data provider Refinitiv had predicted.

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Samsung said it expects sales for the third quarter will rise about 6% to 66 trillion won ($57 billion).

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Huawei tweets it will debut its Mate 40 devices on October 22nd

Huawei has tweeted that it will reveal its Mate 40 series on October 22nd, likely the last of its phones to have Kirin chips— at least for the foreseeable future— due to the ongoing economic pressure from the US.

Richard Yu, CEO of Huawei’s consumer business unit, said at a conference August 7th that “this year may be the last generation of Huawei Kirin high-end chips.” The US has accused Huawei of building backdoors into network infrastructure, ostensibly to aid Chinese government spying efforts. Huawei has denied the Trump administration’s accusations of spying.

But the Trump administration placed Huawei and 114 of its affiliates on its Entity List in May 2019, which meant US firms were unable to sell technology to the company without explicit US government approval.

It also meant Google was barred from doing business with Huawei, preventing Huawei from obtaining an Android license, and keeping Google apps

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