China's Huawei in talks to sell premium smartphone brands P and Mate
- by Nick Cohen
- in Industry
- — Jan 26, 2021
The past two years of continuous sanctions against Huawei from the USA has been a brutal sight. However, the Chinese technology giant, which has been troubled by the sanctions it has faced, recently had to divest the Honor brand to survive.
After selling HONOR, it is reported that HUAWEI could be up to selling its premium flagship P and Mate series as well.
The Shanghai government said it was not aware of the situation and declined to comment further.
The company is yet to make a final decision on the sale and the talks might not conclude successfully. Its new laptop is equipped with Intel's central processing units and a graphic processor made by Nvidia.
Huawei has reportedly hived off its Honor to the Chinese government-backed consortium some time past year as the new technology giant had grappled with problems with the previous administration sanctions that had even cut off its own supply of mobile chipsets.
"Huawei has learned there are unsubstantiated rumours circulating regarding the possible sale of our flagship smartphone brands", a Huawei spokesman said according to Reuters. The company has no such plans.
In response, Huawei officials have issued a statement to Chinese media that the company has no plans to sell its mobile phone business and that it will continue building high-end phones.
The Mate and P series form the main body of Huawei's smartphone portfolio. Sales of the Mate and P Series phones (the latest models are the P40 Pro and Mate 40) were reportedly $39.7 billion between Q3 2019 and Q3 2020, according to IDC. Nearly 40 percent of Huawei's total sales in the third quarter of 2020 were the Mate and P series. This led to the ban of the company from working with or associating themselves with American companies.
Huawei has not revealed any other information about how that will happen. For now, however, Huawei still can't find an easy way to get around the USA sanctions, and this affects its smartphone business not only in America but also in global markets.
