/ / / Huawei has already lost over $60 million on the foldable Mate Xs 5G

Huawei has already lost over $60 million on the foldable Mate Xs 5G

Huawei admitted in February that it actually lost money on Mate X unit sold, despite selling the foldable for an eye-watering €2,300 last year. The newer Mate Xs is priced even higher at €2,499 but it doesn’t seem to have helped the situation.
Huawei has lost up to $70 million on the Mate Xs
Speaking recently to  (via ), CEO Richard Yu reportedly revealed that Huawei has already lost between $60 million and $70 million selling the current-gen Mate Xs to consumers. This is after only one month of sales.

Demand will naturally start slowing as the model ages and competing foldables ...

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