14 DAY TRIAL // Huawei has a hard time dealing with all the sanctions imposed by the United States in the last two years, and while the company claimed it wanted to replace Google’s mobile operating system and apps with its own in-house solutions, this approach hasn’t necessarily helped it maintain its strong sales.
Not a long time ago, Huawei decided to sell its Honor brand, and now it looks like the Chinese tech giant might be giving up on more important assets.
A report from Reuters indicates that Huawei is looking into giving up on its flagship phone series, with the company already in talks with a possible new owner.
Citing people with direct knowledge of the matter, Reuters says Huawei wants to sell its P and Mate brands, both of which are being used for the company’s flagship smartphones. And according to the report, the interested buyer is actually a Chinese consortium backed by none other than the Chinese government.
No deal just yet
At this point, however, a deal is yet to be reached, the report claims, and the talks are still under way. But on the other hand, there’s no guarantee these negotiations would come to a conclusion, so Huawei could very well stick with both brands going forward.
Unsurprisingly, Huawei has already denied the report, claiming it has absolutely no plans to sell the two brands, especially as they spearhead the company’s push in the mobile market.
Whether or not Huawei ends up getting rid of the P and Mate brands is something we’ll probably find out more about in the coming months, especially as the negotiations with possible buyers continue. For now, however, Huawei still can’t find an easy way to get around the U.S. sanctions, and this affects its smartphone business not only in America but also in international markets.