Huawei launched its Mate X foldable phone at MWC 2019, following up with the Mate XS in February this year. The latter foldable has enjoyed a wider launch of sorts, but the firm has revealed that it’s still making a hefty loss on the device. From a report: Huawei consumer group CEO Richard Yu told media in China that even though the Mate XS retails for an eye-watering 16,999 yuan (~$2,408), the firm has lost between $60 million and $70 million. This is despite earlier claims that the phone is seeing high demand, suggesting that the company is willing to swallow losses to encourage foldable adoption.
of this story at Slashdot.
Source:: Slashdot