According to various media outlets, well-known smartphone maker Honor stopped shipping its products in March. At the same time, the company that was previously owned by Huawei does not give official comments on its exit from the Russian market.
Vedomosti sources note that Honor is now actively working on the same path that other major brands have taken, which do not want to lose the Russian market and at the same time be subject to sanctions. In this case, we are talking about the search for partners in Armenia and Georgia. In addition, the company has already reached an agreement in Uzbekistan.
With a high probability, now the manufacturer is simply waiting for the full legalization of “grey imports” to resume deliveries and is building new delivery chains.
According to MTS statistics, in the Russian smartphone market in the first quarter of 2022, Honor’s share was 3.5% in real terms and 3.4% in monetary terms. In turn, in the following quarter the participation increased to 4.2 and 5.0%, respectively, which is explained by the sale of balances and the scarcity of other smartphones.
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Source: IXBT
