Huawei has lost at least $60 million on Mate XS foldable

Huawei launched its Mate X foldable phone at MWC 2019, following up with the Mate XS in February this year. The latter foldable has enjoyed a wider launch of sorts, but the firm has reportedly revealed that it’s still making a hefty loss on the device.

Huawei consumer group CEO Richard Yu told media in China that even though the Mate XS retails for an eye-watering 16,999 yuan (~$2,408),

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