Update: Huawei has officially denied the recent media reports of selling its consumer electronics business group. This would primary includes its rumors of selling its smartphone business. Rather, the company added that it will be raising its investment in its smartphone business and even build up its high end brands. Huawei is schedulaed to release its latest flagship handset models later this month.

Original story continues…

Huawei has apparently been planning on spinning off its consumer electronics business unit. Rumors have been going around about the company making this major move, so here are all the details.

Based on new reports, the Chinese tech giant is supposedly considering splitting the consumer business group and even transferring some research and development of its mobile phone operations to its former subsidiary Honor. For those unaware, Huawei had to sell off its budget sub-brand since it was hit with various sanctions by the US government that hampered its smartphone operations. So now, it is rumored that it is planning on shifting more of its operations to Honor.

Huawei

However, the company’s consumer business is an integral part of its efforts sin the enterprise market. Thus, the rumor regarding the brand making a large scale spin off regarding its consumer business appears to be highly unlikely. At the moment, the revenue scale of Huawei’s consumer business has dropped significantly. But despite, the company has still maintained its lineup of notebooks, desktops, tablets, and more.

Although, some market experts believe that if Huawei does spin off its consumer business, it will affect its layout in fields such as health, display, and Metaverse as well as the development of its HarmonyOS and Euler platforms. Keep in mind that this is still just unconfirmed rumors, so take this news with a pinch of salt for now and stick around for more updates regarding this matter.

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