It's what you get when you have no phone manufacturing supply chains anymore because you shipped them all to China 20+ years ago then lost the OS wars to Apple and Google leaving you with no local phone industry. Then it's gonna cost you through the nose when you're making, what are now to your industry, niche low volume items.
Remember when you could buy EU made Nokias, Siemens and Ericssons? Even the chargers were made in Finland back then.
I think of those two, the OS wars is the much more substantial EU/US difference. It's not like Apple is making much hardware in the US, yet they wade in pools of cash.
As ex-Nokia, I can tell quite a few stories about the rampdown in Germany, of factories and R&D sites, merge with Siemens and what not.
For those that care, search the news for strikes or layoffs, around the time iOS/Android were taking off.