Huawei is Considering Selling its Flagship P and Mate Series: Huawei surpassed Samsung in the second quarter of 2020 to become the world’s largest smartphone company, but now US sanctions seem to be beginning to take effect.
At first, it failed to maintain its number one position and then sold it to the Honor brand to ensure its survival.
Now, Reuters reports that Huawei is considering selling the flagship P and Mate series to a consortium set up by the Shanghai government.
According to the report, talks in this regard have been going on for several months, but no final decision has been taken so far.
Huawei still hopes to find a local alternative to the supply of foreign parts, which will help it continue production of the phones.
The Mate and P-Series are Huawei’s most important phones, earning the company 39 39.7 billion from the third quarter of 2019 to the third quarter of 2020.
The two series accounted for about 40% of total phone sales during the third quarter of 2020.
But the biggest part of this Huawei is the shortage of parts.
Huawei had to secede from TSMC, a major supplier, in September last year, and still believes the sanctions will not be lifted or eased by the new US president.
After splitting from Huawei, Honor gained access to MediaTek, Qualcomm, Intel, and AMD processors, and the first phone, the V40 FiveG, was introduced last week.
Huawei was expected to receive help from China’s largest chip company, SMIC, but in December 2020, the United States added MMIC to its sanctions list.
Huawei did not comment on the Reuters report.