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BEIJING — Chinese tech giant Huawei is selling its budget-price Honor smartphone brand in an effort to rescue the struggling business from damaging U.S. sanctions imposed on its parent company.
The move announced Tuesday is aimed at reviving Honor by separating it from Huawei’s network equipment and other businesses, which Washington says are a security threat, an accusation Huawei denies. They are under sanctions that block access to most U.S. processor chips and other technology.
Huawei Technologies Ltd.’s announcement gave no financial details but said the company will have no ownership stake once the sale is completed. Huawei will retain its flagship Huawei smartphone brand.
The buyer is a company formed by a technology enterprise owned by the government of the southern city of Shenzhen, where Huawei is headquartered, with a group of Honor retailers. Earlier news reports on rumours of a possible sale put the price as high as 100 billion yuan ($15 billion).
“The move has been made by Honor’s industry chain to ensure its own survival,” said a Huawei statement.
Huawei, China’s first global tech brand, is at the centre of U.S.-Chinese tension over technology, security and spying.
American officials say Huawei might facilitate Chinese spying, which the company denies. They also see Chinese government-supported technology development as a threat to U.S. industrial dominance.
U.S. security complaints about Huawei focus on its business making switching equipment for phone and internet companies and its leading role in next-generation telecom technology. The Trump administration is lobbying European and other allies to exclude Huawei and other Chinese suppliers as they upgrade networks.
Meanwhile, Huawei’s chief financial officer, Meng Wanzhou, the daughter of company founder Ren Zhengfei, is being held in Canada and is fighting extradition to the United States to face charges related to possible violations of trade sanctions on Iran.
Sanctions imposed last year block Huawei’s access to most U.S. processor chips and other technology. Those were tightened this year when the White House barred manufacturers worldwide from using U.S. technology to produce chips for Huawei, including those designed by its own engineers.
Tuesday’s announcements gave no indication how Honor’s new owners planned to regain access to U.S. chips and other technology including Google’s popular music, maps and other services. Other Chinese smartphone brands such as Xiaomi, Oppo and Vivo operate without such restrictions.
Honour, founded in 2013, is one of the world’s biggest-selling smartphone brands. Huawei says it ships 70 million handsets a year.
Total shipments of Huawei and Honor handsets fell 5% from a year earlier in the quarter ending in June to 55.8 million, according to Canalys. Sales in China rose 8% but shipments abroad fell 27%.
Huawei reported earlier sales for the first nine months of 2020 rose 9.9% to 671.3 billion yuan ($100.4 billion). That was down from 13.1% growth in the first half, but the company said it still was profitable.
Huawei’s smartphone sales outside China have suffered because the company is barred from preinstalling Google services, which many customers expect. Huawei is allowed to use Google’s Android operating system because it is open source and involves no commercial transaction with the American company.
Huawei says it has removed U.S. components from its core products but the president of its consumer unit, Richard Yu, warned in August the company was running out of chips for smartphones.
Sony has released its second PS5 performance update in a week – Video Games Chronicle
Sony Interactive Entertainment” href=”https://www.videogameschronicle.com/companies/sony/”>Sony has released a new PlayStation 5″ href=”https://www.videogameschronicle.com/platforms/playstation/ps5/”>PlayStation 5 system update, which it says improves system performance on the next-gen console.
The update weighs in at around 820MB and is the second patch in a week Sony has released to improve performance on PS5.
Recently, a number of PlayStation” href=”https://www.videogameschronicle.com/platforms/playstation/”>PlayStation 5 owners have reported encountering what appears to be a bug related to the console’s Blu-ray drive.
As detailed on Reddit and Resetera, the issue results in PS5 discs spinning at various intervals, often loudly. Some users say it happens on the hour every hour, while others claim to have experienced it every 15-20 minutes.
It’s not yet clear if Wednesday’s updates fixes any of these issues.
Last week Sony provided a solution to PS5’s download queue bug which does not require users to factory reset their consoles.
A number of PS5 users have reported encountering the issue since launch, which results in PS5 games getting stuck in a “Queued for Download” limbo, wherein the system thinks that the game is downloading, but the download queue will be empty and won’t clear.
Previously, the only known solution to the download queue bug was a full factory reset, which left users having to re-download all their software.
On Thursday PlayStation’s support account offered a workaround for the issue which did not require a factory reset.
Kuo: iPhone 12 demand strong, new form factor Apple Watch and MacBooks in late 2021 – 9to5Mac
In a report today, reliable Apple analyst Ming-Chi Kuo shared his view on Apple’s product momentum heading into the holidays. Most importantly to Apple’s bottom line, Kuo sees better than expected demand for iPhone 12 Pro and Pro Max, apparently offsetting slightly–weaker sell-through of 12 and 12 mini.
In terms of new products, Kuo indicates that form factor redesigns are coming to the Apple Watch and the MacBook lineup, in the second half of 2021.
As far as the iPad business is concerned, Kuo says demand for the new iPad Air has been strong. He teases that the iPad product lineup will continue to be compelling in 2021 with the addition of mini-LED displays and 5G cellular connectivity.
For the Apple Watch, customer response to Apple Watch Series 6 and Apple Watch SE has reportedly been strong. Kuo says to expect ‘innovative health management functions and improved form factor design’ with new models of Apple Watch coming next year.
Reception to Apple’s first ARM Macs has also been better than expected according to Kuo. The analyst reiterates his previous predictions that Apple will introduce new Apple silicon Macs with all new form factor and industrial design, in the second half of 2021.
However, it is less positive news for AirPods. Kuo says AirPods shipments are lower than originally estimated, with Kuo now forecasting a 5-10% decline in year-over-year sales for the next six month period. Another contributing factor is that Kuo now expects the launch of ‘AirPods 3’ to be delayed from early 2021 to the April-June timeframe.
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iPhone 13 leak reveals bad news for Samsung Galaxy S21 – Tom's Guide
While most people are only getting their hands on the iPhone 12, the rumor mill has turned its attention to the iPhone 13. And it sounds like Apple’s going to cast a large shadow over other phones slated to come out in 2021.
It’s already assumed that next year’s iPhone is going to add a display with a 120Hz refresh rate, matching the feature that Samsung added to this year’s Galaxy S20 and Galaxy Note 20 families. But a new rumor claims that the iPhone 13 could add this faster-refreshing dynamic display while also undercutting iPhone 12 prices.
The new rumor comes from leaker Jon Prosser, speaking on a new episode of Front Page Tech, Chinese manufacturer BOE apparently continues failing to meet Apple’s stringent expectations for providing displays that are up to the standard Apple requires. Prosser indicated that if BOE couldn’t produce the LTPO OLED display as Apple had requested, then Samsung and LG Display would have to take over to ensure the iPhone 13’s displays were up to snuff, just like what happened with the iPhone 12’s OLED panels.
Samsung and LG Display would indeed be capable of serving up the tasty 120Hz buyers have been clamoring for, though it would mean that Apple might have to pay more in manufacturing fees than it would with BOE. But Prosser suggested that this crisis could be avoided. Manufacturer BOE could reapply for another quality test in a bid to regain its position as the supplier of choice for iPhone 13. Should it meet Apple’s demands and quality expectations, it’s possible that the iPhone 13 could become cheaper overall, as there would be no need to rely on Samsung and LG Display at that point.
It would certainly be a boon for buyers if BOE could produce the same LTPO OLED screens capable of 120Hz for Apple, especially if that allowed the phone make to pass any savings on to customers. It would also put pressure on Samsung, which releases its first big flagship phone of the year, the Galaxy S21, early on. In fact, Samsung is reportedly pushing up the S21’s launch to take advantage of the iPhone 12’s delayed debut.
It’s early on in the iPhone 13 development cycle, meaning we won’t know for a while if the new iPhone will get the faster refreshing display or what impact that could have on pricing. But those are just two more things to speculate on about the iPhone 13, which is expected to come in the same four model sizes as the iPhone 12.
'It's as if a bomb has gone off in our economy' – Wealth Professional
This Is How Performance Art, Robotics And Electronic Sound Offer A Dialogue On Man And Machine – Forbes
Ontario government to spell out whether people can have winter holiday gatherings – CP24 Toronto's Breaking News
Silver investment demand jumped 12% in 2019
Iran anticipates renewed protests amid social media shutdown
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