 |
| Huawei shows the extent of losses after the launch of Mate XS |
Huawei announced its first foldable smartphone (Mate X) at the MWC 2019 conference for global developers and released its second foldable smartphone (Mate XS) in February.
Although cellphone manufacturers are launching cell phones to benefit from, the Chinese company has continued to disclose the losses caused by the launch of the two phones today. "MTX" phones were launched at a high price of $ 2408 and lost between $ 60 and $ 70 million, "Richard Yu, general manager of the company, said at a special event in China.
The announcement of these losses may be surprising given previous reports of high demand for mobile phones, but it appears that the company is ready to bear the losses to encourage people to launch new forms of smart phones.
"After lowering the cost of the screens, you can make a profit, not just the selling price," CEO of ITHome and MyDrivers quoted the CEO as saying.
It should be noted that the CEO of the Chinese company previously said that it will take approximately two years for the foldable phone to be purchased at the same price as the traditional price.