Huawei handed out foldable smartphones worth $ 27 million

According to the South China Morning Post, Huawei made 10,000 Tencent employees happy with free Huawei Mate Xs on Wednesday. The gifts are very valuable, as the Mate Xs is indeed a very expensive foldable smartphone with a flexible display, which costs the equivalent of $ 2,700 apiece. Thus, the value of the smartphones donated by the company was $ 27 million.

The Huawei Mate Xs is an updated version of the original Mate X with the Kirin 990 5G chipset. In smartphone mode, the device offers a 6.6-inch main screen (and a 6.38-inch secondary screen). In tablet mode, an 8-inch screen becomes available. It may not matter to Tencent employees, but these devices are prohibited from installing Google’s Android version along with Google apps.

Tencent is a Chinese tech conglomerate and its Platform and Content Group (PCG) has received free smartphones. The division that creates content for Tencent’s social media, video and news platforms is celebrating its second anniversary.

The gift becomes even more valuable when you consider that this model was sold out as soon as it went on sale in March. The new owners of Huawei Mate Xs took advantage of this fact. After the smartphones were handed over to happy employees of Tencent, they began to appear on used goods sites at 2.5 times its original price.

However, the price of the smartphone may soon drop as a new model comes to replace it. The Huawei Mate X2 has recently received Wi-Fi certification. The smartphone is speculated to be powered by the 5nm Kirin 9000 chipset, although new US sanctions are limiting TSMC’s ability to supply these advanced chips. Huawei also needs the Kirin 9000 to launch its flagship Mate 40 series and the radios it uses for its 5G networking hardware. There are no rumors yet about a date for the new foldable Mate X2.