Less than a year ago, Huawei became the world’s largest smartphone maker. The Chinese tech giant, which has suffered from the sanctions it has faced, recently had to divest the Honor brand to survive. Huawei is now evaluating this for its flagship Mate and P series, according to Reuters.
It is said that the Mate and P series could also be sold to a consortium supported by the local government of the city of Shanghai. It was indicated that negotiations have been underway for several months and no final decision has yet been taken. On the one hand, Huawei hopes to replace foreign suppliers with local suppliers and continue production.
Huawei made a statement following the Reuters news. The full text of Huawei’s statement is as follows:
The HUAWEI, P and MATE series smartphone brands are not for sale
In the news published by Reuters on Jan. 25, it was reported that Huawei is in negotiations with Chinese government-backed investment funds to sell P and Mate series smartphone brands.
The said news about the POSSIBLE SALE of smartphone brands in the Huawei flagship category is unfounded. The company has no such plans.
Huawei will continue to manufacture and sell smartphones in the same way and will continue to offer quality products to consumers around the world.
The Mate and P series are the main part of Huawei’s smartphone portfolio. These series brought the company $ 39.7 billion in the period between 2019 and the third quarter of 2020. Nearly 40 percent of Huawei’s total sales in the third quarter of 2020 were the Mate and P series.
Currently, component supply issues seem to be a big deal for Huawei. In mid-September, the company was not allowed to cooperate with TSMC, the main processor manufacturer. According to information from the sources; Huawei does not believe the Biden government will change the existing sanctions. Therefore, the fate of Huawei’s Mate and P series is also uncertain.
Honor, which has been divested by Huawei, can now easily supply processors from MediaTek, Intel, Qualcomm and AMD. The heart of the Honor Mate V40 5G, which the company introduced last week, is the MediaTek Dimensity 1000+ processor.