Final week, Ming Chi Kuo, an analyst at TF Worldwide Securities, stated in his report that Huawei might promote Honor cell phone enterprise. On the time, there was controversy over Kuo’s evaluation.
The information was silenced after some Huawei staff denied Kuo’s touch upon Weibo. However per week later, Reuters got here up with the thought once more. So Kuo’s overview got here to life once more.
Reuters stories that Huawei is in talks with an organization known as Digital China for a sub-brand as a part of its efforts to ease its smartphone manufacturing enterprise. The worth of Honor is estimated at between 15 billion and 25 billion yuan ($ 2.2 billion – $ 3.7 billion).
In line with the information, Potential patrons for the Honor cell phone enterprise embrace TCL, one of many main smartphone makers at the moment promoting Alcatel gadgets. It’s stated to be Huawei’s important competitor in lots of elements of the world.
Gross sales boards are stored secret. Either side declined to remark, however an unnamed supply predicted the deal could be a lump sum fee, in response to Reuters.
The Honor model was based in 2013 and entered the smartphone market with Huawei’s affect. Honor has since spun off from its guardian firm. Honor is not only about smartphones. It produces a wide range of devices, together with laptops, watches, and earbuds.
Ref: GSM Enviornment