Why Huawei’s founder is sticking with premium smartphones even as sales decline due to US sanctions

//Why Huawei’s founder is sticking with premium smartphones even as sales decline due to US sanctions

Why Huawei’s founder is sticking with premium smartphones even as sales decline due to US sanctions

Last week Ren Zhengfei, the founder and CEO of 5G technology leader Huawei Technologies Co, said the company would still be willing to “transfer” its 5G technology but will never give up its smartphone business.“We can transfer 5G technology, but we will never sell our terminal [devices] business,” Ren said during a media round table last Tuesday.Ren made the statement despite the fact that sales of its smartphones – which he described as “terminal devices” because they connect to the network,…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-02-15T02:00:15+00:00 February 15th, 2021|Technology|Comments Off on Why Huawei’s founder is sticking with premium smartphones even as sales decline due to US sanctions