Huawei Debuts $2,800 Phone After Barely Growing Sales in 2020
- Smartphone giant’s still struggling to secure semiconductors
- Huawei is now running production at abnormally low levels
This article is for subscribers only.
Huawei Technologies Co. took the wraps off a high-end foldable smartphone to try and stake out a place in the fast-expanding category, revealing that revenue and profit barely grew in 2020 at the height of Trump-era sanctions.
China’s largest technology company is trying to keep its shrinking mobile gadgets business alive despite dwindling expectations that Washington will roll back its curbs anytime soon. On Monday, it introduced the 17,999-yuan ($2,800) Mate X2 that unfolds into an 8-inch (203mm) screen powered by Huawei’s own 5G Kirin 9000 chip.