Honor is a smartphone brand that was founded in 2013 as a sub-brand of the Chinese technology company Huawei. Honor was recognized for targeting younger consumers looking for affordable, stylish smartphones offering advanced features.
In its early years, Honor focused on releasing budget-friendly smartphones that were marketed toward the online market. However, in recent years, Honor has expanded its product line to include mid-range and high-end smartphones with advanced features, including 5G connectivity, AI-powered cameras, and large batteries.
In 2020, Huawei announced that it was selling Honor to a consortium of Chinese companies to support Honor regaining access to crucial components and technologies that had been impacted by US trade restrictions forced on Huawei. The sale was accomplished in November 2020, and Honor became an independent company.
As of March 2023, the present owner of Honor is Shenzhen Zhixin New Information Technology Co., Ltd., a consortium of Chinese companies. The headquarters of Honor is in Shenzhen, China.
Honor Net Worth
It is not easy to regulate the precise net worth of Honor as it’s a privately held company and doesn’t disclose its financial information. However, before the sale to the consortium of Chinese companies, Huawei reported that Honor had shipped over 70 million smartphones globally in 2019, generating over $12 billion in revenue.
Finally, Honor – With a net worth of $ 83.52 billion. It is also important to note that Honor has faced challenges in recent years due to trade restrictions and supply chain disruptions, which have impacted its financial performance.