Demand 'excessive' for Huawei's Mate 70 smartphones, exec tells state media

5/12/2024 16:58

        Huawei's supply chain team is working overtime to meet demand for its new Mate 70 smartphones as supplies they had initially prepared were insufficient, an executive told the state-owned Securities Times newspaper on Thursday.
        
        He Gang, Huawei's consumer business group CEO, said reservations for the phone, which do not require customers to put down a deposit, had exceeded 6.7 million so far and described demand for it as "excessive".
        
        Huawei launched the Mate 70 phone last week as a successor to the Mate 60, which made a big splash in 2023 by revealing that Huawei was able to overcome years of U.S. sanctions and locally make an advanced chip.
        
        Analysts, however, said this week that they saw less consumer excitement for the Mate 70 and that they believed the smartphone could face supply bottlenecks related to chip production.