Today, Chinese manufacturing giant, Huawei, opened its first flagship store in Shenzhen, China. At the event, Huawei’s CEO, Yu Chengdong, talked on the Huawei Mate 30 series. According to him, the Mate 30 series is already in short supply and the pre-sale volume is six times that of the P30 series. Within just three hours, pre-orders for the Mate 30 and Mate 30 Pro exceeded 1 million units. Huawei has a 20 million shipment target for the Mate 30 series. Huawei Mall announced that the sale amount for the Mate 30 series exceeded 500 million yuan (∼$70 million) in one minute. All these shows the popularity of the Mate 30 series, at least in China.
Huawei believes that its smartphone shipment for the year will still improve despite the US ban. However, it acknowledges the effect of the US ban on its business. The company recently said that its smartphone shipments would have exceeded 300 million units if not for the US ban. The company is still trying hard to escape the claws of the US government.
According to Huawei officials, its latest series required a considerable amount of energy and research. About 3,000 people invested in the research and development of this series and the R&D cost exceed 2.1 billion yuan ($294 million).