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Huawei launches $2,800 trifold phone hours after Apple debuts iPhone 16

The Mate XT comes in red and black, in three storage options with prices ranging from 19,999 yuan ($2,809) to 23,999 yuan ($3,371).

Richard Yu, a Huawei executive director overseeing consumer products, reveals the price for the company's trifold Mate XT smartphone on Tuesday, Sept. 10, 2024. Huawei's Mate XT also comes with artificial intelligence features, such as text translation and cloud-based content generation, according to Tuesday's presentation. The news that Huawei achieved such advanced technology helped bolster its sales in China, despite lackluster consumer spending overall.

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