- Huawei is reportedly in talks to sell off parts of its Honor unit.
- It’s believed that Digital China, TCL, and Xiaomi are interested in the deal.
US sanctions against Huawei mean that the company’s smartphone business has suffered in a big way. Between its crippled in-house chipset division and the lack of Google support, it’s becoming increasingly tough for the firm to keep producing phones.
These troubles extend to its Honor sub-brand too, but Reuters now reports that Huawei is in talks to sell off parts of the Honor business in a deal potentially worth up to 25 billion yuan (~$3.7 billion).
The report, citing “people with knowledge of the matter,” alleges that Honor’s brand, research and development infrastructure, and associated supply chain management business could be sold under the deal. However, the newswire’s sources caution that this hasn’t been finalized yet.
It’s believed that Huawei will focus on higher-end phones due to the US sanctions. Honor has traditionally been focused on young and/or budget-conscious consumers.
Who would do Huawei the honor, then?
Reuters reports that Honor phone distributor Digital China is considered a front-runner for the deal. However, the newswire adds that TCL and Xiaomi are also in the running.
Selling part of Honor to another business theoretically means that US sanctions wouldn’t apply to Honor-branded devices produced as part of this arrangement. It isn’t immediately clear what this would mean for Honor devices released prior to a sale though.
Furthermore, there’s no guarantee that the US government wouldn’t simply play whack-a-mole and apply sanctions to any company that acquires part of Honor. Huawei and Honor are intertwined in several ways, particularly when it comes to components used and research and development. So extricating large chunks of the sub-brand from its parent company will likely be a
By Julie Zhu
HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.
Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.
The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.
The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.
Digital China, the main distributor for Honor phones, has emerged as the frontrunner but other prospective buyers include Chinese electronics maker TCL and rival smartphone maker Xiaomi Corp <1810.HK>, the people said.
The sources declined to be identified as the talks were confidential.
Huawei and TCL declined to comment. Digital China and Xiaomi did not respond to requests for comment.
The Honor brand was established by Huawei in 2013 but the business mostly operates independently from its parent. It competes with Xiaomi, Oppo and Vivo in China’s highly competitive budget phone market and its phones are also sold in Southeast Asia and Europe.
Kuo Ming-chi, an analyst at TF International Securities, has said that any sale by Huawei of the Honor smartphone business would be a win-win situation for the Honor brand, its suppliers and China’s electronics industry.
“If Honor is independent from Huawei, its purchase of components will no longer be subject to
Smartphone Tracking Data And Artificial Intelligence Turn People’s Movements Into Detailed Insights And Profits
Not all businesses experienced a setback due to COVID-19. Cosmose AI, a company that uses machine learning to predict who will go shopping as well as when and where, plus measures the effectiveness of online ads to online and in-person store visits, expanded during the pandemic. Valued at $100 million after a Series A investment round by Tiga Investments, OTB Ventures, and TDJ Pitango, many retailers turned to the insights provided by Cosmose AI’s artificial intelligence-powered service to figure out how to best operate during the pandemic and prepare for a new future.
Insights for Retailers from Cosmose AI’s AI-Powered Platform
Founded in 2014, Cosmose AI gathers anonymized mobile phone data including user IDs, location info, and more from more than 1 billion smartphones, more than 400,000 apps, 360,000 stores and then shares insights about consumer behavior with some of the world’s biggest brands, including Walmart, Gucci, Cartier, Budweiser, Tencent, L’Oreal, Samsung and Marriott. The company plans to extend its reach across Asia to 2 billion smartphones and 10 million stores by 2022. Cosmose AI’s platform doesn’t require the installation of specific hardware or beacons and works seamlessly with Google, Facebook, WeChat, and more.
Retailers receive accurate location info within 2 meters. Cosmose AI’s predictive shopping AI informs retailers about who will shop when and where they will go. According to the company, this AI delivers 73% accuracy for the beauty category. This insight helps retailers understand how many people visit brick-and-mortar store locations after seeing or clicking an ad online and also how to improve the customer experience, sales, and advertising strategies, and customer retention. Marketers had previously been able to track online ad effectiveness for online traffic, but now through
This story is part of , our full coverage of the latest news from Apple headquarters.
Apple has set the date for its latest iPhone’s debut. The new device, rumored to be called, is expected to include super-fast 5G wireless connectivity and a new, iPad-inspired design, and it will be unveiled on Oct. 13 at 10 a.m. PT. Like Apple’s Worldwide Developers Conference, and its September , the iPhone event will be held entirely online amid continued concerns about the pandemic. The event will be streamed via Apple’s website.
Apple’s fall product launch this year is expected to touch off a wave of upgrade purchases, analysts say, with fans eyeing the iPhone’s rumored new 5G capabilities and boxier look, similar to that of the iPad Pro. A “staggering” 53% of respondents plan to buy this year’s iPhone, according to a survey by electronics reseller Decluttr. Flashier rivals — such as Samsung’s Galaxy Z Flip 2 5G, with its foldable display, or Microsoft’s Surface Duo, with two screens sandwiched together — offer new spins on the standard metal-and-glass smartphone construction. But most consumers will likely be gravitating toward what they know.
And even if the new iPhone only offers a few new bells and whistles beyond a different outer design, it’ll draw the lion’s share of attention.
Apple’s invite, which often has some clues, this time has an Apple logo inside circles with different colored hues of blue, orange and red. And there’s this pun: “Hi, Speed.”
That didn’t stop people from speculating about what other mysteries could be hidden in
Automated Test Equipment Market – Actionable Research on COVID-19 | Growing Use of Smartphone to Boost the Market Growth
The global automated test equipment market size is poised to grow by USD 1.47 billion during 2020-2024, progressing at a CAGR of over 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005960/en/
Technavio has announced its latest market research report titled Global Automated Test Equipment Market 2020-2024 (Graphic: Business Wire)
The electronics industry is growing at an unprecedented rate, with a significant increase in the exports of electronic goods in countries like China, Japan, and Singapore. There has been a stagnant increase in sales and shipment of smartphones, which promotes the growth of the test and measurement equipment. The increasing sales of electronic goods and the growing smartphone market will foster the demand for automated test equipment, boosting the automated test equipment market growth.
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The major automated test equipment market growth came from the consumer electronics segment. This segment is expected to grow because of the increase in disposable incomes, reduced cost of consumer electronics, and changing lifestyles in developing countries. Therefore, the automated test equipment market share growth by the consumer electronic segment will be significant during the forecast period.
APAC was the largest automated test equipment market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The presence of multiple vendors that sell automated test equipment at competitive