Now Huawei is Looking to Sell Off Mate, P Smartphone Lines

Posted on January 25, 2021 by Paul Thurrott in Android, Hardware, Mobile with 4 Comments

Two months after it jettisoned its Honor smartphone brand, a new report claims that Huawei is shopping its flagship Mate and P lines as well.

Huawei is allegedly in early-stage talks to sell off its flagship Mate and P smartphone brands to a consortium of Chinese government-backed investment firms, a new report in Reuter claims, citing two sources. Talks have been ongoing for months, with initial discussions happening as long ago as September.

It’s not clear how much Huawei is asking for the smartphone families, but Reuters notes that Huawei’s Mate and P series phones “were worth” $39.7 billion between Q3 2019 and Q3 2020, according to IDC. But it’s not clear if that valuation is based on revenues or some other metric. By comparison, Huawei sold off its mainstream Honor smartphone line in mid-November for an undisclosed sum to a consortium of 40 companies; that product line had sales of 70 million units in the previous year.

Since the sale, the new Honor has reestablished ties with Google, Intel, Qualcomm, and other Android suppliers, bypassing the backlisting that Huawei is currently operating under. One naturally assumes that Huawei is now trying to provide a similar second life for its flagship smartphones by letting them go. And that the firm believes that the shift to the Biden administration in the U.S. won’t positively impact its relationship with that country.

But for now, Huawei claims that there’s no truth to the rumors.

“Huawei has learned there are unsubstantiated rumors circulating regarding the possible sale of our flagship smartphone brands,” a Huawei statement notes. “There is no merit to these rumors whatsoever. Huawei has no such plan.”

Tagged with

Join the discussion!

BECOME A THURROTT MEMBER:

Don't have a login but want to join the conversation? Become a Thurrott Premium or Basic User to participate

Register
Comments (4)

4 responses to “Now Huawei is Looking to Sell Off Mate, P Smartphone Lines”

  1. Avatar

    jbinaz

    "And that the firm believes that the shift to the Biden administration in the U.S. won’t positively impact its relationship with that country."


    So it wasn't just Trump that was racist and xenophobic?

    • Avatar

      markbyrn

      In reply to jbinaz:

      If Biden pulls a Trump and refers to COVID-19 as Kung Flu and tweets out that Asian Americans are VERY angry at what China has done to our Country, your accusation might make sense.

      • Avatar

        jbinaz

        In reply to markbyrn:

        It wasn't an accusation; it was a question. I asked because it has been said that Trump's xenophobia and racism are why he singled out Huawei. Two things are possible at once: Trump could be a racist, and there were national security reasons to ban Huawei. I don't know enough to say whether either of those things is true. He is a crude, crass, brash, narcissistic individual who is terrible at communication.


        Maybe the national security reasons will be enough to keep the new admin from "unbanning" Huawei. Maybe they haven't had time to review yet. Again, I don't know enough to know.


  2. Avatar

    ebraiter

    f a consortium of Chinese government-backed investment firms is thinking of buying the 2 lines, I don't think it will make a difference in terms of getting out of the US sanctions. the Biden Administration doesn't have Huawei as a priority [neither the two Canadians the Chinese government have held captive for over a year now (is it 2)]?

Leave a Reply