Huawei says it lost $60 million on its Mate Xs foldable smartphone in two months

Huawei launches its Mate Xs foldable smartphone in February 2020, with a 8" 2200x2480 foldable AMOLED display (produced by BOE). Huawei's consumer business CEO, Yu Chengdong, says taht even though the Mate Xs costs $2,400 the company lost around $60-70 million on this smartphone since its launch.

Huawei Mate X photo

The Mate Xs is an updated Mate X, with the same display and form factor, but with upgraded specifications.

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Posted: Apr 10,2020 by Ron Mertens