Huawei leaving the low-end market, focus is on premium smartphones

Let's face it, long gone is the time when Huawei was mostly known for its budget-friendly smartphones. The Chinese company is now world's number 3 handset maker, and not due to mainly selling low-end smartphones.

After trying to build itself an entirely different image, one that would not be associated with cheap smartphones, Huawei has decided to drop the budget-friendly smartphone market altogether.

Richard Yu recently confirmed that the profit his company makes for selling low-end handsets is too small, which means the business model is not sustainable ...