Huawei lost over $60-70 million on Mate Xs foldable phone

Huaweis consumer business CEO Yu Chengdong has revealed that the company has so far lost around $60 to $70 million dollars in selling the Mate Xs foldable smartphone, even though it is priced at 16,999 Yuan ($2,267).

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Huaweis consumer business CEO Yu Chengdong has revealed that the company has so far lost around $60 to $70 million dollars in selling the Mate Xs foldable smartphone, even though it is priced at 16,999 Yuan ($2,267).