As smartphone sales for Huawei are expected to drop 60%, the company now turns towards Pig Farming in order to diversify.
Huawei has reportedly been in quite a tough spot ever since it was previously placed on the dreaded US Commerce Department’s Entity List back in 2019. Although the company has reportedly made quite an effort for it to survive against all of the odds, things have actually come to the point that it now has to sell some of the company’s assets in order to remain afloat.
Huawei sells off its sub-brand Honor
For instance, the company even sold its supposed budget-friendly sub-brand called Honor to a certain consortium of agents as well as dealers some time late last year. It is also reportedly in early-stage talks to actually sell its popular Mate and P series as other brands. On top of everything, a recent report also suggests that the company might actually half its own smartphone production this 2021 to keep the costs low, according to the article by XDA-developers.
According to an article by PhoneArena, the company has actually been looking around for some other sources of income which has finally led towards the company going into the pig farming industry. Huawei has reportedly dipped into the pig farming business which is a major industry in China hosting 50% of the world’s reported live hogs.
Huawei diversifies into pig farming and mining
Huawei is also reportedly bringing in tech to the whole pig farming industry as well as facial recognition that can be used to identify the individual pigs. Farms are also using other types of technology in order to monitor the pig’s weight, diet, and exercise.
A particular Huawei spokesperson that was discussing the tech firm’s unexpected entry into the pig farming industry noted that hog farming is just another example of how Huawei is now trying to revitalize a number of traditional industries along with ICT or Information and Communications technology in order to create even more value for the said industry in the reported 5G era.
Aside from pig farming, Huawei is also moving towards the mining industry as well. Instead of being known for just the reported smartphones that they produce, the company is now diversifying into areas that were unexpected of the previously number one smartphone brand.
Huawei once used to be very popular for their Mate series or the Huawei P series but since their previous entry to the Entity List, the company has reportedly been struggling with its smartphone sales leading to the company’s unexpected diversification.
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