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Huawei's trifold smartphone is launching the same day as the iPhone 16 — and it's already creating a frenzy on resale sites
Huawei's new trifold smartphone, the Mate XT, is set to hit stores on Friday. Online scalpers are already looking to make a quick buck on it.
People online have listed the phone for as much as 70,000 yuan, or over $9,900, Lin Shen, a secondhand smartphone dealer, told the South China Morning Post. The phone will feature a tri-fold design, giving users up to 10.2 inches of screen space when fully unfolded, and functions including generative artificial intelligence and satellite communications. While Huawei is winning the smartphone race on its home ground, Martin Yang, a senior analyst at Oppenheimer & Co, told CNBC on Tuesday that the Chinese tech giant lags behind industry leaders like Apple by two or three years in chip technology.
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