Many are wondering how long Huawei will last under the pressure of US sanctions. Now the company is rushing about and trying to find those solutions that in the current situation will turn out to be the lesser evil for it. And yesterday, analyst Ming-Chi Kuo said that Huawei may prefer to “go to the bottom” alone and will not pull Honor with it. The only correct decision in this situation is to sell the sub-brand.
Huawei still has no plans to sell Honor
The analyst’s words were replicated by the Chinese blog IT.home, which eventually deleted the material soon after. A message appeared on Huawei’s Weibo page that Ming-Chi Kuo’s statement was unfounded, and this time the analyst was wrong in his predictions. I must say that this informant is usually accurate in his predictions, but it seems that this time he missed the point. And, perhaps, the Chinese publication simply misinterpreted the analyst’s words, and therefore hastened to cover up the tracks by deleting the article.
The message about the possible sale of Honor has generated a new wave of controversy and discussion about the future of Huawei. Someone thinks that such a step is correct and the company will do the right thing by choosing the path not to be a “gravedigger” of its own ambitious sub-brand. Others, on the other hand, believe that the sale of Honor is practically a surrender of the company and that it itself does not believe that it will survive. If there is even one chance to survive, they need to stick together.
Gizchina News of the week
Digitimes: Huawei will drop to the 7th place in 2021
After three consecutive years of recession in 2018-2020, global smartphone shipments will pick up next year, thanks to the active deployment of fifth-generation mobile networks around the world.
According to Digitimes Research, demand for 5G smartphones will grow in the next five years, driven by the growing number of commercial 5G networks and expanding coverage. The low price of entry-level 5G devices in emerging markets will also drive global smartphone shipments, which will reach over 1.5 billion units in 2023 and 1.7 billion units in 2025, respectively.
In 2021, Samsung Electronics and Apple will be able to take the top two positions, followed by Oppo, Vivo and Xiaomi. China’s Transsion, which sells entry-level phones under the Tecno, Itel and Infinix brands in Africa and South Asia, will come in sixth. Due to US trade sanctions, Digitimes expects Huawei to drop to seventh place.
Digitimes Research also expects global 5G phone shipments to surpass 200 million units in 2020 and grow to over 1.22 billion units in 2025.
Huawei would not be under sanctions if it were not a threat to American companies.