Categories: Stock Market News

Demand ‘extreme’ for Huawei’s Mate 70 smartphones, exec tells state media


BEIJING (Reuters) – Huawei’s provide chain staff is working extra time to satisfy demand for its new Mate 70 smartphones as provides that they had initially ready have been inadequate, an government informed the state-owned Securities Occasions newspaper on Thursday.

He Gang, Huawei’s client enterprise group CEO, stated reservations for the telephone, which don’t require prospects to place down a deposit, had exceeded 6.7 million up to now and described demand for it as “extreme”.

Huawei launched the Mate 70 telephone final week as a successor to the Mate 60, which made an enormous splash in 2023 by revealing that Huawei was capable of overcome years of U.S. sanctions and domestically make a sophisticated chip.

Analysts, nevertheless, stated this week that they noticed much less client pleasure for the Mate 70 and that they believed the smartphone might face provide bottlenecks associated to chip manufacturing.

The Mate 70 sequence can be the primary main business rollout of the HarmonyOS NEXT, a big step in Huawei’s push for software program independence since U.S. curbs lower off its entry to Google (NASDAQ:GOOGL) providers in 2019.

HarmonyOS NEXT is the Android-free model of Huawei’s working system that started testing this yr, marking an entire departure from the Android code as the corporate seeks to remove its reliance on U.S. know-how.

He informed the newspaper it might take one other two to a few months for the consumer expertise of HarmonyOS NEXT to be perfected, including that the corporate will equip all its new telephones subsequent yr with the working system.

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