UPDATE: Huawei has debunked rumors that it is negotiating the sales of its premium series.  In a statement released to the Chinese media, the company hinted that it has no plans to sell its mobile phone business and that it will continue building high-end phones.

The original story is retained below;

Chinese tech giant Huawei Technologies Co Ltd is reported to be in talks with investors to sell its high-end smartphone brands P and Mate, according to insider sources. If the move scales through all the hurdles and is consummated by both sides, then we could see Huawei ultimately exiting the high-end segment of the business.

Huawei is a powerhouse in the manufacturing of telecommunications equipment, in fact, the world’s biggest manufacturer of Telecom equipment. The talks between the company and a consortium of investment firms have been going on for months, and a decision could be reached anytime soon, according to the sources.

The move to sell off the brands was kick-started last September and may have progressed very well, although no valuation figures are available at this time. In a one-year period between Q3 2019 and Q3 2020, Shipments of Mate and P Series models grossed $39.7 billion.

It has to be pointed out however that Huawei hasn’t made a final decision to sell yet, and a no-deal scenario is still possible as the company seeks ways to mitigate US sanctions that negatively impacted the fortunes of the company. It is still trying to manufacture its own high-end Kirin chips which power its smartphones.

The potential sale of this arm of the company may suggest that there is little hope for a loosening of the sanctions and restrictions from the new Biden administration, as no drastic shift is expected.

A similar sale was done by Huawei last year when it’s honor brand was sold to a consortium of 30 dealers, for a reported 100 billion yuan ($15.5 billion).

The Honor sale was aimed at keeping the brand afloat in the face of sanctions. Huawei may have a similar objective in pursuing the sale of the mobile brands. The US insists that Huawei is a national security threat, which Huawei has repeatedly denied.

• Founder: Huawei must focus on profits for survival, calls for decentralization
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• Honor partners with key suppliers like Intel, Qualcomm, and more after separating from Huawei

(source)

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Huawei was one of the few companies to unveil a foldable smartphone this year. The Mate X as the device is called has a single flexible panel that folds outward. In a recent interview, Huawei’s CEO revealed more foldable phones are coming and even gives a time frame on when to expect them.

Speaking to GSMArena, Richard Yu said half of their flagships in two years could be foldable. Technically, that is just two phones if we are talking about Huawei-branded flagships only.

I think that on a flagship level in two years, half of our devices could be foldable. – Huawei CEO, Richard Yu

The Chinese giant has two main flagship series – the P series and the Mate series. Our guess is the Pro version of both series will be the foldable phones while the non-pro model will stick to the traditional design. If we decide to add the Honor brand, then there might be more foldable phones and the likely model will be the Magic series.

The Mate X is actually more expensive than the Galaxy Fold which is its closest rival. However, the Huawei executive believes the price of foldable phones will reduce in the coming years, even selling for the same price as current flagships.

READ MORE: Huawei P30 Pro first update brings camera optimizations and many improvements

There are also plans to make smaller sized models according to Mr. Yu. “In the future, we can make a foldable phone sized in half of this one [P30 Pro], we have plans for a smaller foldable phone.” he said.

(Source, Via)

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Huawei is all set to announce a flagship just before the start of IFA in Berlin. We are still unsure whether it will be the Huawei Mate 8 flagship or the Mate 7 Plus as rumored earlier, but earlier today, a new video was posted on YouTube which showed off the device in action.

While the video is of just 18 seconds, it was enough for a basic walk-through of the new design of the device. Apart from a few changes, the overall design seems to be the continuation from the Mate 7 flagship.

https://www.youtube.com/watch?v=H4NNQU35KZs

As for the specs, the Mate 8 is rumored to come with a 6-inch 2K display (490 ppi) along with Huawei’s latest Kirin 950 chipset. This new chip is expected to directly compete with the upcoming Snapdragon 820 processor from Qualcomm. Like tradition, Huawei is also said to offer two different versions of the Mate 8, one with 3GB RAM + 16GB of storage while the high-end model with 4GB RAM + 64GB of storage.

There will be a 20.7MP camera at the back, with a fingerprint scanner just below it. According to reviews, the fingerprint scanner on the Mate 7 was one of the best in the market at that time. So, it would be interesting to see if we find better tech on the new Mate 8. Up front, the phone is expected to come with an 8MP shooter, ideal for selfies. Finally, the battery is expected to be larger than the Mate 7. This would really be a great move since the current Mate flagship comes with a 4100mAh capacity battery and anything more than this should only increase the overall battery life of the phablet.

Unfortunately, the company hasn’t officially revealed anything about this upcoming Mate flagship. Also, the phone in the video may be a different device than the Mate 8. So, before making any more conclusions, lets wait for some concrete information about the upcoming flagship.

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