Chinese telecom giant Huawei announced Tuesday it has sold its Honor budget phone line to a domestic consortium in a move it said was necessary to keep the brand alive amid "tremendous" supply chain pressures caused by US sanctions. The sale appears aimed at getting Honor out from under the Huawei umbrella, thereby allowing the brand to source components without being affected by the US sanctions. Huawei officials have said the attacks are motivated more by a US desire to bring down a successful business rival. - 'Saving' Honor -The sale of Honor -- whose shipments were included in Huawei's overall totals -- looks certain to weigh Huawei down in the race with Samsung and Apple to lead world mobile phone sales. Huawei overtook Samsung as the world's largest mobile phone seller in the second quarter of this year, only to drop back to number two in the third quarter, followed by Apple.

Source: Mint November 17, 2020 01:52 UTC