Huawei has no plans to spin off Honor into an independent company

Honor’s plans to become one of the five biggest smartphone brands worldwide within the next few years are certainly no secret. But despite this, the company has confirmed that it will not be spun off as an independent company.

Honor was created way back in 2013 as a new Huawei sub-brand with a focus on younger consumers and online sales. Since then, the brand has virtually gone from strength to strength by growing its sales significantly and helping push Huawei into the second position when it comes to smartphone manufacturers by scale. Due to this, there have been a number of rumors ...

Source PhoneArena https://ift.tt/2pxK3V9
via Seoandserver