A land where no one or few have set foot is usually difficult to cultivate at first. Huawei and Samsung know this well, with their folding smartphones, which were the first to be launched, and with a very high cost, it is worth noting. However, the reception of these, which arrived as Mate Galaxy Fold, respectively, it was moderately good, despite various design criticisms and more.
However, Huawei's Mate Xs, which is the successor to the Mate X, has not done so well in sales, and this is something that is reflected in the new official statement that the Chinese manufacturer has made.
According to what Huawei has recently revealed, it has lost between $ 60 and $ 70 million on the Mate Xs. This may be due to various receptivity reasons, but the main one could be the price tag with which it is offered, which is around 2,500 euros.
Although this figure would ensure a profit margin for the Chinese manufacturer, it seems that this is not as Huawei's expectations anticipated, since the substantial amount of more than 60 million dollars indicates that something went wrong with the calculations.
Yu Chengdong, CEO of Consumer BG at Huawei Technologies, shared that since the Mate Xs launch, which took place in February, The cost of producing and shipping the model has increased. This would be the cause of such red figures.
Huawei Mate Xs
The profitability of the Mate Xs, unsurprisingly, is in doubt. Huawei, however, will continue to bet on this foldable smartphone and very surely on a successor that achieves resounding success and compensates for the current. Despite what has been said, it should not be ruled out that the direction of the Mate Xs predicament changes and starts to generate profits.