Huawei to sell budget smartphone business for $15bn
July 31, 2020
Honor was established by Huawei in 2013, offering a range of budget-friendly smartphones mostly targeted at young consumers as an alternative to high-end Huawei-branded models. It also sells audio equipment, televisions, laptops, tablets and wearables. Although wholly owned by Huawei, Honor mostly operates as an independent company. Huawei has been targeted by severe restrictions introduced by out