Huawei potentially selling Honor could help the budget smartphone unit maintain market share outside of China

Published Oct 15 2020 at 2:17 PM GMT
  • Huawei, the top smartphone maker in the world by shipments, is reportedly looking to sell its budget smartphone brand Honor, according to Reuters.
  • Anonymous sources familiar with the matter told Reuters that the deal could be worth 15"25 billion yuan ($2.
  • Huawei's competitor Xiaomi is believed to be among the bidders, as are electronics distributor Digital China and smartphone manufacturer TCL.
  • 8 million smartphones globally in Q2 2020, 26% of which were sold under the Honor brand, per Canalys.
  • Honor could be better positioned for growth split off from Huawei, since separation may reduce its exposure to trade restrictions.



  • Published Oct 15, 2020 2:17 PM GMT