Huawei’s booming sales of triple-fold mobile phones have also helped its factories.
Mate XT20, Huawei’s new tri-fold mobile phone, went on sale Friday for NT $90,000 and up, the taiwan-based China time electronics daily reported Thursday. Wu Lingxiang, chief executive of the technology think-tank, said it showed Huawei was changing its marketing strategy to focus on quality and brand pride. The most expensive smartphone in Huawei’s history is still wildly popular, with millions of units in short supply after all channels sold out, Taiwan’s economic daily said Monday. Yu Chengdong, managing director of Huawei and chairman of BG terminals, said the sales of Mate XT had far exceeded expectations, therefore, the company team and relevant supply chain partners are“Working overtime” to fully expand production, and look forward to meeting the expectations of consumers as soon as possible.
Huawei’s rush into the supply chain has benefited a number of Taiwanese factories. According to Taiwan’s economic daily, Forster, a taiwan-based company, is the sole supplier of bearings for the Huawei tri-folding machine, which has benefited the most Zhaoli Technology Industry Co. , Ltd. is preparing to supply Huawei in the fourth quarter will be launched a new folding machine, “Tonghongda Bolus.”. The China times further reported that Fidelity’s July pre-tax surplus was T $143 million, an annual increase of 59.02 percent, and its post-tax surplus was T $129 million, an annual increase of 109.36 percent Combined revenue for the first eight months was T $4.647 bn, an annual increase of 40.88 per cent. In addition, after making a firm stand in the folding cell phone market, fidelity is actively competing for business opportunities in artificial intelligence servers. With the gradual volume of shipments of folding cell phones and new server products, Fidelity’s fourth-quarter revenue is expected to surpass that of the third quarter. Revenue for the first eight months was T $6.13 bn, up 23.16 per cent from the same period last year. In the fourth quarter, two new models are expected to go into mass production, a higher unit price folding phone and a new non-handset folding product that“Will provide significant revenue growth momentum”, the company said.
Industry insiders in the island said that the Mate XT is the world’s first 3-fold mobile phone. Many parts can not be shared with the folding machines of the past, especially the bearing, which is a key component. Only a few suppliers can supply it, so initial capacity is small. Fortunately, better than expected sales, folding phone industry to inject a shot in the arm, the future of more brands to follow up the development of three-fold machine, the supply chain will help. Other analysts say Huawei’s first triple-folding machine is attracting high-end mainland buyers despite its high price, and the market is bullish on the new x 6 folding machine, which will be introduced in the fourth quarter, generating revenue for Huawei’s bearing suppliers.