Donald Trump may not be the US president anymore, but the restrictions imposed by his administration on Huawei are here to stay. After selling Honor sub-brand, Huawei is now looking to sell off the premium series lineup. A new report by Reuters suggests that the Chinese tech conglomerate is now looking to sell off flagship P series, and Mate series lineups. The company is said to be in talks to a consortium of investment firms – backed by the Chinese government.
Reuters reports that the company started exploring the possibility to sell off the brands in September 2020. Though, Huawei is still trying to find a way to manufacture Kirin HiSilicon chips even after all the imposed restrictions.
“Huawei started to internally explore the possibility of selling the brands as early as last September, according to one of the sources” reports Reuters.
Huawei’s P and Mate series smartphones have turned a lot of eyeballs due to their camera capabilities in the past. The company sold phones (P and Mate series) worth $39.7 billion between Q3 2019 and Q3 2020, as per IDC.
“Huawei has yet to make a final decision on the sale and the talks might not conclude successfully, according to the two sources. The company is still trying to manufacture at home its in-house designed high-end Kirin chips which power its smartphones.”
Huawei P and Mate management teams are unlikely to see a change even after a new entity takes over. This should be good news for tech enthusiasts, and we can hope to see some amazing products in the future. For now, we don’t really know what’s gonna be the future of these flagship lineups. Thought, Huawei says that there is no truth to the rumor.
“Huawei has learned there are unsubstantiated rumors circulating regarding the possible sale of our flagship smartphone brands,” a Huawei statement notes. “There is no merit to these rumors whatsoever. Huawei has no such plan.”