Huawei this year will likely see slower 5G business and push further into software, while hoping its smartphones get a reprieve from US sanctions which last year struck the chip-reliant heart of its group, analysts said.
Huawei founder Ren Zhengfei has called on employees of its departing Honor subbrand to strive to surpass its parent in a farewell speech as the tech giant sells the budget brand to keep its sanction-hobbled supply chains alive.
Chinese handset rivals of Huawei including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival.
Huawei Technologies is selling its budget brand smartphone unit Honor to a consortium of over 30 agents and dealers in a bid to keep it alive, the company and the consortium said on Tuesday.
Huawei plans to sell budget-brand smartphone unit Honor in a $15.2-billion deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, sources said.
Huawei Technologies reported a meagre 3.7% rise in quarterly revenue on Friday, ending the double-digit growth run it enjoyed earlier this year.
Huawei Technologies is in talks with Digital China Group and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to $3.7-billion, people with knowledge of the matter said.
Huawei Technologies took the wraps off its HarmonyOS operating system Friday, offering the first glimpses of in-house software that may someday replace Google’s Android and reduce its reliance on American technology.
In the podcast this week, your hosts chat about Telkom’s plan to kill off copper – and that means DSL. Is this a good thing or not, and what does it mean for those who can’t get fibre?
You’ve probably seen, or at least heard of, the Honor brand of smartphones. This Huawei-owned marque has set its sights on rapid growth in the South African market – and worldwide.