News
Huawei could sell Honor to a Chinese consortium for $15 billion
Plans to go public within three years
Huawei’s affordable smartphone brand Honor could be sold to a Chinese consortium for a whopping US$ 15 billion. According to a Reuters report, a consortium led by distributor Digital China and the Shenzhen government is interested in purchasing the brand.
The deal is valued at CNY 100 billion (US$ 15 billion) and includes all assets like the brand, research & development capabilities, and supply chain management. This also means that Huawei is offloading a complete division amid trade sanctions from the US.
Huawei is the world’s second largest smartphone brand and Honor played a vital role in the affordable segment. However, the company is massively hit since the US barred Huawei from transacting with American counterparts due to fear of a cybersecurity risk.
Honor is well recognized to be a Chinese brand and its image has taken a radical beating this year. Parent company Huawei is also affected because its international markets have come to a grinding halt.
People familiar with the matter said that Honor’s main distributor Digital China shall become the second largest shareholder with a 15 percent stake. At least three investment firms backed by the Shenzhen Government shall own 10 to 15 percent each.
The company shall retain its workforce and aims to go public within three years. Although, none of the parties involved have offered an official statement.
A direct result of the trade war
Honor is just one of the many casualties for Huawei. The Chinese telecom giant intended to dominate the 5G race, but cybersecurity concerns have forced it to roll-back expectations. Countries like India, Australia, and New Zealand do not trust Huawei equipment and have even taken measures to discourage imports.
While Huawei and Honor were at the center of the discussion, Chinese brands like OPPO, vivo, realme, and Xiaomi have remained unscathed. Their local investments and brand identity have avoided the anti-China sentiment and are in fact, posting positive results in individual markets.
When they unveiled the Vision Pro in 2023, Apple touted the wearable as the next big thing after the iPhone. Now, almost three years removed from the launch, the Vision Pro hasn’t really taken over the coveted spot occupied by the iPhone. Apple, according to a report, is allegedly canning the short-lived wearable.
According to MacRumors, Apple has reportedly given up on making the Vision Pro a thing. The team handling the wearable has supposedly been subsumed by other teams within Apple.
If true, the wearable’s end is unfortunate but not surprising. Despite being out for years, the Vision Pro has sold only a little more than half a million units with numerous returns from customers. Most recently, Apple updated the wearable with the M5 chip, but the move hasn’t revitalized the device’s status in Apple’s lineup.
Most of the complaints about the device stem from its exorbitant price or its cumbersome battery pack. Besides costing a whopping US$ 3,499, the Vision Pro is also difficult to move around with, especially because of its total weight and a battery pack that can get in the way.
To be clear, Apple has not officially discontinued the Vision Pro yet. The company continues to sell the version with the M5 chip. Apple can also restart development in the future.
However, the meantime retirement on future development does coincide with the recent restructuring inside the company. Tim Cook recently decided to step down as CEO with John Ternus as his replacement. Canning the Vision Pro might be Ternus’ first step in redefining Apple according to his plans.
SEE ALSO: Apple Vision Pro gets M5 chip upgrade
Apps
YouTube makes picture-in-picture mode free for everyone globally
The update is rolling out globally now.
Picture-in-picture (or PiP) mode is a godsend for multitaskers. The feature lets users watch videos in a tiny floating window while doing other tasks. However, the feature isn’t readily available for all users. Or wasn’t, at least. YouTube is now rolling out PiP mode for free globally.
Previously, PiP mode was exclusive to YouTube users who pay for Premium or Premium Lite. It was also exclusive to the United States.
Now, YouTube is making the feature completely free for users all over the globe. It will be available for both iOS and Android versions of the app.
There’s still a catch, though. The free version is available only for “longform, non-music content.” The same goes for Premium Lite subscribers. Music is still an exclusive feature for those who pay for the regular version of Premium. Basically, there is no change for paying users or users in the United States.
Using PiP mode is simple. All you need to do is load up a video you want to watch in the background. Then, just exit the YouTube app and go about your other tasks. The video will be inside a floating, resizable window while you look at other things.
There’s no timeline on when the update will reach your device. However, YouTube has promised that it will roll out globally within the coming months.
SEE ALSO: YouTube remains top PH video platform; advertisers urged to continue investing
Enterprise
OnePlus has reportedly merged with realme
Both brands were previously rumored for restructuring early this year.
OnePlus has a problem. For a while now, rumors have swirled about the company’s dissolution. For their part, the company has continued to deny the reports, citing business as usual. Likely to their dismay, the reports just keep coming. Today, sources have hinted that OnePlus has merged with realme.
Back in January, it was rumored that OnePlus would be closing up shop this year. Since the company very quickly denied the rumors, the report hardly made waves. However, a suspected merger with realme is more difficult to debunk.
For one, realme is itself in a very interesting position. Also back in January, realme was reportedly moving back into being a sub-brand of OPPO. Coupled together with the OnePlus debacle, all this internal restructuring seems par for the course.
According to Digital Chat Station on Weibo, OnePlus and realme have already concluded the merger. The two brands have reportedly united their Chinese and international operations under one roof. Likewise, their marketing will be the same. Pete Lau will still be the main head for this new division.
As with anything of this nature, take this with a grain of salt. OPPO, OnePlus, and realme have not issued any official statements concerning a merger or a shutdown for any brand.
SEE ALSO: realme is reportedly going back to being an OPPO sub-brand
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