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

14 days ago   |   By Business Insider

Summary List Placement 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. Huawei's competitor Xiaomi is believed to be among the bidders, as are electronics distributor Digital China and smartphone manufacturer TCL. Huawei shipped 55.8 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...
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