Huawei plans to sell Honor and refocus on higher margin premium segment, according to reports.
Huawei is reportedly in talks to sell at least part of its Honor smartphone subsidiary in a deal that could be worth up to £2.9 billion. Honor was launched by Huawei in 2013 and targets budget-conscious consumers with feature-packed, affordable devices. It competes with other Chinese vendors Oppo, Vivo and Xiaomi in the Chinese mid-range market and has expanded to other markets in Asia and Europe and currently accounts for around a quarter of Huawei’s global shipments.
