Huawei blames smartphones for its slowing profit growth
Huawei's latest flagship, the P10
And this might not be the best news for fans of Huawei's smartphones, as the company's CEO, Eric Xu, reportedly stated: “We’re going to pay more attention to increasing our efficiency and reducing investments that cannot bring value." Whether phones fall into that category isn't immediately clear, but with the impressive reported device shipping numbers of more than 139 million, it's more likely that they don't.
In any case, Huawei has previously expressed interest in expanding its smartphone business – we've been hearing rumors of a possible carrier distribution deal being in the works with AT&T, which could finally expose the company's devices to the mainstream US market. Right now, Huawei lacks a significant fingerprint in the States, despite the release of its then-flagship Mate 9, as well as its budget sub-brand honor's moderate success. If that deal comes to fruition, it could also mean that the successor to the Huawei P10, which has sort of been confirmed to be in the works, might become the first mainstream flagship from the company to be released stateside.
source: The Wall Street Journal
FCC OKs Cingular\'s purchase of AT&T Wireless
Things that are NOT allowed: