Photo: VCG

 
Huawei says in an official statement on Tuesday morning that has decided to sell all of its Honor business assets, which will help Honor's channel sellers and suppliers make it through this difficult time.

Huawei's consumer business has been under tremendous pressure as of late. This has been due to a persistent unavailability of technical elements needed for our mobile phone business, the firm said.

This is a developing story. We will update it later.