HUAWEI EXEC: NO DEAL MEANS CONSUMERS LOSE

A senior executive with the world’s third-largest smartphone manufacturer says a scuttled deal between his China-based company and a U.S. carrier means American consumers will miss out on a new state-of-the-art mobile device. Speaking at the annual tech trade show CES, Richard Yu said Huawei was seeking to sell its new, premium $799 Mate Pro 10 in the U.S. — but an expected deal, believed to be with AT&T, failed to materialize.