The first objective of any company is to make money. Nothing else. But sometimes the goal is not to make money but to show the competition in the muscles you have, dominating the market. For example, when Xiaomi introduced its unique MIX Alpha, it didn't do what it thought would win a lot of money. Moreover, after all this time it is clear that no one paid attention to that phone. Their presentation was merely a reflection of the Chinese company's action to show that they too can make strange and disturbing devices.
The same thing happens with the wrap wires. Apparently, no firms with phones of this style on the market have ever considered a fantastic sale. Mobile phones still have a long way to go for the benefit of the average consumer, and there are not a few drawbacks. Now as we said before, it was important to be one of the first to have a wrap device in the market. Being on everyone's lips, it shows all the other management firms, who have the skills needed to be a leader … and all this despite having to lose a lot of money.
Huawei lost $ 60 million due to its wrapping of its mobile phone
This happened to Huawei thanks to the Mate X, its first wrap phone. Introduced in 2019 and priced to be inconsistent with all budgets, it is clear that in terms of sales, the Flip Chinese phone has not been a success. What else, Huawei cost about $ 60 million in losses.
This was confirmed by the company's chief executive, as reported by MyDrivers. Now, this will not be a barrier for the company to continue to make phone calls and that they are willing to take risks and lose money so that this kind of technology becomes a standard in the near future.
So has the Huawei Mate X been a failure? If we only look at the numbers, yes, but we should be very open minded. The phones installed have a high production cost (which is why some of these models cost up to 2,000 euros) and today they are viewed with great skepticism by the wider community. Therefore, more investment is not needed to produce new wrapping phones, but also to lower their price. That said, companies like Huawei will continue to think of a loss when producing future Mate X models.
So no, We don't have to see the Huawei Mate X as a failure in terms of standard. If anyone thought that both the Galaxy Fold and this Matex X would be the best-selling phones of the year, they couldn't have made more mistake. There is still so much to see this kind of technology every day and until that happens, companies will continue to lose money. But beware, this is usually the case if what you want is to be the most pioneering company in the market.
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