Huawei confirmed some time ago that the sale of Mate X foldable phones generated losses for the company, and it seems that even with the new Mate XS things are not going in the right direction for it. According to information that the CEO of Huawei revealed to the Chinese press, between 60 and 70 million dollars have been lost so far with the new Mate XS series of foldable phones, a considerable amount, which it will probably increase.
Huawei sells the new Mate XS at the price of 2500 euros, but even so it seems that they do not cover the development and production costs, and the losses are very high for the Chinese. These large losses were recorded by Huawei after only one month of sales for the phones, which shows us that it is possible that the losses will be much higher as long as the Mate XS series will remain on sale in the Chinese markets, and this is not exactly good news.
Huawei: How much money it LOSES with the sale of Mate XS phones
Huawei it loses money in a period in which it should make a lot of money, but unfortunately things are not really going in the direction desired by the company, which comes as bad news for it. Huawei expects that the profit will come from these phone models only after the prices of the screens will decrease, and this is because Samsung makes a profit with the Fold series, even if not very much, but still it does not lose tens of millions of dollars per month , like the Chinese.
"He also revealed that the Huawei Mate Xs folding screen mobile phone launched at the beginning of this year has a price of 2500 euros, but it is still a loss. Currently, it has lost 60-70 million US dollars.”
Huawei surprises with the decision to continue sustaining these losses of money just to have the Mate XS in stores, the desire not to be left behind in the foldable phone segment counting more than profit. Huawei will more than likely try to make a profit with the future foldable phone models, but it is not known how long it will take to cover the losses it will have to bear in the coming months with the Mate XS phones.
Huawei launched Mate XS in a very limited number of countries, but if he had sold them all over the world, he would have had much bigger losses than the several tens of millions recorded so far.
