Antirecord. Huawei Mate Xs in just a month on the market brought Huawei … losses of $ 70 million

The Chinese manufacturing giant Huawei has so far released two smartphones that are equipped with folding screens: Huawei Mate X and Huawei Mate Xs. They are very expensive and quite fragile, moreover, the company is losing tens of millions of dollars on this line, actually selling smartphones at a loss.

Following the launch of Huawei in China, Huawei’s CEO of consumer business, Yu Chengdong, talked about how Huawei’s smartphone business is doing. According to him, prices for new flagships are high, because the cost of production is also very high. For example, the cost of only a camera in the P40 series exceeds $ 100.

According to him, the company continues to incur losses from the sale of some smartphones, implying the Huawei Mate X line. Since the release of Huawei Mate Xs in early March this year, the company has lost between 60 and 70 million dollars only on these smartphones. Despite the fact that the Huawei Mate Xs sells for about $ 2,400, the smartphone is still unprofitable.

Huawei’s consumer business leader said the company will only be able to start selling these smartphones profitably after the cost of flexible displays drops significantly.

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