Honor set off by itself path after it was cut up off from Huawei in late 2020. It has skilled speedy progress since then and is now able to enter the subsequent stage of its life – Honor executives are making ready an Preliminary Public Providing (IPO).
Key particulars are stored below wraps for now – the place will the corporate inventory be listed and when? There may be nonetheless a variety of work to do earlier than then, nonetheless, and it begins with reorganizing the board of administrators.
Following an election at a shareholders’ assembly, Mr. Wu Hui will function the director and chairman of the board with Mr. Wan Biao because the vice chairman. That’s not all, the board will see additional modifications to embrace variety and meet regulatory necessities.
Q3 smartphone market 2023 in China and in Europe
Primarily based on knowledge from IDC and Counterpoint, the smartphone market in China continues to be falling (however there are indicators of an upcoming restoration). Honor nonetheless managed to eke out a gross sales grown (in comparison with Q3 final 12 months) and is at the moment the largest smartphone model within the nation forward of vivo. The market in Europe isn’t doing too sizzling both with established manufacturers exhibiting declining shipments 12 months of 12 months (based mostly on Counterpoint knowledge), however Honor as soon as once more managed to develop its share (the one model within the High 5 to take action).
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