The Chinese vendor is also expecting a big dip in smartphone sales by 40m to 60m units this year
Huawei has postponed the launch of the Mate X foldable smartphone until September to avoid similar problems Samsung has encountered with the Fold smartphone.
The Mate X is expected to cost €2,299 and initially unveiled at the Mobile World Congress in February.
However Samsung encountered some problems with its Samsung Fold earlier this year with a number of reviewers complaining of breaks, bulges and blinking screens.
Huawei were initially expected to launch the Mate X this summer but have opted towards a more “cautious” approach to ensure the foldable phone is ready for consumers and have carried out extensive tests.
A Huawei spokesperson told CNBC “We don’t want to launch a product to destroy our reputation.”
Following the ongoing dispute with the US and its restriction to Google services Huawei is anticipating a drop in sales between 40 and 60 million units.