- Huawei has disproved a report that talks are underway to sell its premium phone lines.
- A Reuters report claimed Huawei could sell its P and Mate series brands.
Huawei sold its Honor sub-brand late last year to a consortium of government-backed companies in Shenzhen due to pressure from US sanctions. The Chinese maker noted that "a persistent unavailability of technical items" has forced its hand, and it appears that sales did the trick for Honor.
Now Huawei has refuted a Reuters The company was reportedly in early talks to sell its premium P and Mate series phone brands. The Newswire cited two sources with knowledge of the matter, adding that a deal could get Huawei out of the high-end wireless business.
It is alleged that the manufacturer is in talks with a consortium of Shanghai government-backed investment firms. In fact, a source told Newswire that Huawei already circulated the ability to sell the brands back in September 2020.
The sources claim that Huawei has not yet made a final decision and that an agreement may not be reached as Huawei is still trying to make its own Kirin chipsets. Even so, the company denied the "rumors" in a shared statement Android Authority::
Huawei has learned that unsubstantiated rumors are circulating about the possible sale of our flagship smartphone brands. These rumors have no value at all. Huawei does not have such a plan. We remain fully committed to our smartphone business and will continue to deliver world-leading products and experiences to consumers around the world.
In any case, the sale of Honor is an example of Huawei's smartphone business. It remains to be seen how successful the award will be in terms of smartphone sales, but the newly independent company has re-established relationships with companies like Qualcomm, AMD, MediaTek, and others.
A sale of the premium P and Mate series brands could also turn a similar turn, opening the door to P and Mate series phones powered by Qualcomm and / or MediaTek silicon. In theory, Huawei could keep its mid-range and budget smartphone activities as they don't require as many state-of-the-art components as flagships.
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