Huawei says it's lost over $60 million on the Mate Xs foldable phone

[GSMArena]

Breaking new ground on exciting, futuristic tech is expensive and risky - that's hardly news to anyone. The pioneers in foldable phone territory are already out and we had no doubts their R&D involved substantial expenditure. What might not have been so clear is that these early gen products keep costing their maker money even after they've hit the shelves. Yu Chengdong, CEO of Consumer BG at Huawei Technologies, shared that since the release of the Mate Xs, back in February, the company has lost between $60 and $70 million on it. He went on to explain that even with a retail...

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