Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Huawei plans to launch new operating system for phones in June

Published 25/05/2021, 05:41
Updated 25/05/2021, 09:25
© Reuters. FILE PHOTO: People look at smartphones in Huawei's first global flagship store in Shenzhen, Guangdong province, China October 30, 2019. REUTERS/Aly Song/File Photo

SHENZHEN, China (Reuters) - China's Huawei Technologies said it will launch its new Harmony operating system for smartphones on June 2, its biggest move yet aimed at recovering from the damage done by U.S. sanctions to its mobile phone business.

The use of its own operating system will mean it will no longer be reliant on Android. U.S. sanctions banned Google (NASDAQ:GOOGL) from providing technical support to new Huawei phone models and access to Google Mobile Services, the bundle of developer services upon which most Android apps are based.

It was not immediately clear if it will be launching new smartphones at the same time or if there will be updates for existing phones or how fast the rollout might occur.

The new HarmonyOS will only go some way to mitigating the impact of the 2019 sanctions that also barred Huawei from accessing critical U.S.-origin technology, impeding its ability to design its own chips and source components from outside vendors.

Once the world's biggest smartphone maker, Huawei now is ranked 6th globally with a 4% market share in the first quarter.

The previous Trump administration argued that the Chinese telecommunications giant posed a threat to U.S. national security - a charge that Huawei has denied.

© Reuters. FILE PHOTO: People look at smartphones in Huawei's first global flagship store in Shenzhen, Guangdong province, China October 30, 2019. REUTERS/Aly Song/File Photo

Huawei CEO Ren Zhengfei this week called on staff to "dare to lead the world" in software in a bid to move into business areas that can't be affected by U.S. sanctions, according to an internal memo seen by Reuters.

The company will need to take a more "open source" approach to development and should try to attract more software experts from overseas as part of the pivot, it said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.