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On September 20, 2024
10 Sources
[1]
Huawei's $2,800 tri-fold phone hits stores amid supply concerns
Huawei and Apple's latest smartphones go on sale in China on Friday, with the Chinese tech company's much-anticipated $2,800 tri-foldable phone offered at more than twice the price of the iPhone 16 Pro Max.Huawei and Apple's latest smartphones go on sale in China on Friday, with the Chinese tech company's much-anticipated $2,800 tri-foldable phone offered at more than twice the price of the iPhone 16 Pro Max. However, analysts warn that supply chain constraints could leave many buyers of Huawei Technologies' Mate XT empty-handed. The launch of the Mate XT, which analysts say has a locally-made chipset, underscores Huawei's ability to navigate US sanctions and solidifies its position against Apple in China, where some consumers criticised the new iPhone 16 for its lack of AI features in the country. Huawei unveiled the Mate XT to much fanfare this month, with executive director Richard Yu saying the company had turned "science fiction into reality" with the device that folds three ways like an accordion door. Pre-orders have surpassed 6.5 million so far, almost double the roughly 3.9 million foldable smartphones shipped worldwide in the second quarter of this year, according to consultancy IDC, although "pre-ordering" does not require consumers to put down a deposit. While the Mate XT shows Huawei's innovation in the premium segment, sales may fall short of its bi-folding predecessor, the Mate X5, which still retails for 11,500 yuan ($1,630) and has sold 2.2 million units in total as of the second quarter, said Amber Liu, an analyst with research firm Canalys. Though both are premium foldable flagships of Huawei, Mate XT and Mate X5 differ in value proposition, specifications and price, Liu said. "It's challenging for the Mate XT to replicate the volume of the Mate X5, but Mate XT marks a significant breakthrough and evolution in all these aspects." The Mate XT is equipped with the same Kirin 9010 5G processor it used for the Pura 70 smartphone series it launched in April, in a smartphone seen as notable for pushing back against U.S. technology curbs, said Lori Chang, a senior analyst with Isaiah Research. Yet with production yield issues still a problem, in addition to high production costs across its supply chain, Huawei may only be able to produce 500,000 units initially, Chang said. Based on recent checks, she said key components of the Huawei Mate XT, including the panel, cover glass, and hinges, may be facing production yield issues. "There will be challenges to fully meet the number of pre-orders now," said Will Wong, a senior researcher with consultancy IDC. "Nevertheless, it isn't a bad thing as it could create a great hunger marketing effect for the brand." ($1 = 7.0625 Chinese yuan renminbi)
[2]
Huawei's $2,800 tri-fold phone hits stores amid supply concerns
SHENZHEN, China (Reuters) - Huawei and Apple's latest smartphones go on sale in China on Friday, with the Chinese tech company's much-anticipated $2,800 tri-foldable phone offered at more than twice the price of the iPhone 16 Pro Max. However, analysts warn that supply chain constraints could leave many buyers of Huawei Technologies' Mate XT empty-handed. The launch of the Mate XT, which analysts say has a locally-made chipset, underscores Huawei's ability to navigate U.S. sanctions and solidifies its position against Apple in China, where some consumers criticised the new iPhone 16 for its lack of AI features in the country. Huawei unveiled the Mate XT to much fanfare this month, with executive director Richard Yu saying the company had turned "science fiction into reality" with the device that folds three ways like an accordion door. Pre-orders have surpassed 6.5 million so far, almost double the roughly 3.9 million foldable smartphones shipped worldwide in the second quarter of this year, according to consultancy IDC, although "pre-ordering" does not require consumers to put down a deposit. While the Mate XT shows Huawei's innovation in the premium segment, sales may fall short of its bi-folding predecessor, the Mate X5, which still retails for 11,500 yuan ($1,630) and has sold 2.2 million units in total as of the second quarter, said Amber Liu, an analyst with research firm Canalys. Though both are premium foldable flagships of Huawei, Mate XT and Mate X5 differ in value proposition, specifications and price, Liu said. "It's challenging for the Mate XT to replicate the volume of the Mate X5, but Mate XT marks a significant breakthrough and evolution in all these aspects." The Mate XT is equipped with the same Kirin 9010 5G processor it used for the Pura 70 smartphone series it launched in April, in a smartphone seen as notable for pushing back against U.S. technology curbs, said Lori Chang, a senior analyst with Isaiah Research. Yet with production yield issues still a problem, in addition to high production costs across its supply chain, Huawei may only be able to produce 500,000 units initially, Chang said. Based on recent checks, she said key components of the Huawei Mate XT, including the panel, cover glass, and hinges, may be facing production yield issues. "There will be challenges to fully meet the number of pre-orders now," said Will Wong, a senior researcher with consultancy IDC. "Nevertheless, it isn't a bad thing as it could create a great hunger marketing effect for the brand." (Reporting by David Kirton; Editing by Anne Marie Roantree and Sonali Paul)
[3]
Huawei's $2,800 tri-fold phone hits stores amid supply concerns
SHENZHEN, China: Huawei and Apple's latest smartphones go on sale in China on Friday, with the Chinese tech company's much-anticipated $2,800 tri-foldable phone offered at more than twice the price of the iPhone 16 Pro Max. However, analysts warn that supply chain constraints could leave many buyers of Huawei Technologies' Mate XT empty-handed. The launch of the Mate XT, which analysts say has a locally-made chipset, underscores Huawei's ability to navigate U.S. sanctions and solidifies its position against Apple in China, where some consumers criticised the new iPhone 16 for its lack of AI features in the country. Huawei unveiled the Mate XT to much fanfare this month, with executive director Richard Yu saying the company had turned "science fiction into reality" with the device that folds three ways like an accordion door. Pre-orders have surpassed 6.5 million so far, almost double the roughly 3.9 million foldable smartphones shipped worldwide in the second quarter of this year, according to consultancy IDC, although "pre-ordering" does not require consumers to put down a deposit. While the Mate XT shows Huawei's innovation in the premium segment, sales may fall short of its bi-folding predecessor, the Mate X5, which still retails for 11,500 yuan ($1,630) and has sold 2.2 million units in total as of the second quarter, said Amber Liu, an analyst with research firm Canalys. Though both are premium foldable flagships of Huawei, Mate XT and Mate X5 differ in value proposition, specifications and price, Liu said. "It's challenging for the Mate XT to replicate the volume of the Mate X5, but Mate XT marks a significant breakthrough and evolution in all these aspects." The Mate XT is equipped with the same Kirin 9010 5G processor it used for the Pura 70 smartphone series it launched in April, in a smartphone seen as notable for pushing back against U.S. technology curbs, said Lori Chang, a senior analyst with Isaiah Research. Yet with production yield issues still a problem, in addition to high production costs across its supply chain, Huawei may only be able to produce 500,000 units initially, Chang said. Based on recent checks, she said key components of the Huawei Mate XT, including the panel, cover glass, and hinges, may be facing production yield issues. "There will be challenges to fully meet the number of pre-orders now," said Will Wong, a senior researcher with consultancy IDC. "Nevertheless, it isn't a bad thing as it could create a great hunger marketing effect for the brand." ($1 = 7.0625 Chinese yuan renminbi) (Reporting by David Kirton; Editing by Anne Marie Roantree and Sonali Paul) Reuters
[4]
Huawei's $2,800 tri-fold phone hits stores amid supply concerns
Huawei and Apple's latest smartphones go on sale in China on Friday (September 20, 2024) with the Chinese tech company's much-anticipated $2,800 tri-foldable phone offered at more than twice the price of the iPhone 16 Pro Max. However, analysts warn that supply chain constraints could leave many buyers of Huawei Technologies' Mate XT empty-handed. The launch of the Mate XT, which analysts say has a locally-made chipset, underscores Huawei's ability to navigate U.S. sanctions and solidifies its position against Apple in China, where some consumers criticised the new iPhone 16 for its lack of AI features in the country. Huawei unveiled the Mate XT to much fanfare this month, with executive director Richard Yu saying the company had turned "science fiction into reality" with the device that folds three ways like an accordion door. Pre-orders have surpassed 6.5 million so far, almost double the roughly 3.9 million foldable smartphones shipped worldwide in the second quarter of this year, according to consultancy IDC, although "pre-ordering" does not require consumers to put down a deposit. While the Mate XT shows Huawei's innovation in the premium segment, sales may fall short of its bi-folding predecessor, the Mate X5, which still retails for 11,500 yuan ($1,630) and has sold 2.2 million units in total as of the second quarter, said Amber Liu, an analyst with research firm Canalys. iPhone 16 unveiled in Russia as retailers skirt Apple's export ban Though both are premium foldable flagships of Huawei, Mate XT and Mate X5 differ in value proposition, specifications and price, Liu said. "It's challenging for the Mate XT to replicate the volume of the Mate X5, but Mate XT marks a significant breakthrough and evolution in all these aspects." The Mate XT is equipped with the same Kirin 9010 5G processor it used for the Pura 70 smartphone series it launched in April, in a smartphone seen as notable for pushing back against U.S. technology curbs, said Lori Chang, a senior analyst with Isaiah Research. Yet with production yield issues still a problem, in addition to high production costs across its supply chain, Huawei may only be able to produce 500,000 units initially, Chang said. Based on recent checks, she said key components of the Huawei Mate XT, including the panel, cover glass, and hinges, may be facing production yield issues. "There will be challenges to fully meet the number of pre-orders now," said Will Wong, a senior researcher with consultancy IDC. "Nevertheless, it isn't a bad thing as it could create a great hunger marketing effect for the brand." Published - September 20, 2024 09:17 am IST Read Comments
[5]
Huawei's $2,800 phone launch disappoints amid supply concerns
At Huawei's flagship shop in the southern Chinese city of Shenzhen, some who described themselves as Huawei "super fans" said they were annoyed after being told only those whose pre-orders had been confirmed could buy the new Mate XT. "I've been here since 10 p.m. last night because this tri-folding phone is a first and I'm excited to support our country," said a university student surnamed Ye. "But this is very disappointing. They should have made it clear we can't buy." Another eager consumer surnamed Guo said he took a day off from his job in manufacturing to queue from Thursday night. "They didn't make it clear there'd be no phones. It's disappointing." It was a similar story at the Huawei Wangfujing store in Beijing, where consumers were told only those whose pre-orders had been confirmed could buy the much-anticipated phone, which folds three ways like an accordion screen door. The disappointment comes after analysts had warned that supply chain constraints could leave many potential buyers of Huawei Technologies' Mate XT empty-handed.Huawei did not say how many phones had been produced so far or how many customers would receive the Mate XT on launch day. The Mate XT, which is offered at more than twice the price of the iPhone 16 Pro Max, was unveiled at the same time as Apple's new smartphone earlier this month. Apple's new smartphone launch in China has been overshadowed by the fact that it has yet to announce an AI partner in the country to power the 16s, and Apple Intelligence, its AI software, will only be available in Chinese next year. Some Apple fans said the AI challenge was not an issue. "The lack of AI in iPhones is not currently a major concern for me, as it's more of a gimmick at this stage," said a customer surnamed Shi who upgrades his iPhone annually. Speaking about the new offering by Huawei, which is seeking to expand its lead in the world's biggest smartphone market, Shi said it was too expensive and "not for ordinary customers". The launch of the Mate XT, which analysts say has a locally-made chipset, underscores Huawei's ability to navigate U.S. sanctions although the company's ability to mass-produce remains a concern. Pre-orders for the Mate XT have surpassed 6.5 million, almost double the roughly 3.9 million foldable smartphones shipped worldwide in the second quarter of this year, according to consultancy IDC. "Pre-ordering" does not require consumers to put down a deposit. Based on recent checks, key components of the Huawei Mate XT, including the panel, cover glass, and hinges, may be facing production yield issues, said Lori Chang, a senior analyst with Isaiah Research. While the Mate XT shows Huawei's innovation in the premium segment, sales may fall short of its bi-folding predecessor, the Mate X5, which still retails for 11,500 yuan ($1,630) and has sold 2.2 million units in total as of the second quarter, said Amber Liu, an analyst with research firm Canalys. Though both are premium foldable flagships of Huawei, Mate XT and Mate X5 differ in their value proposition, specifications and price, Liu said. "It's challenging for the Mate XT to replicate the volume of the Mate X5, but Mate XT marks a significant breakthrough and evolution in all these aspects." (Reporting by David Kirton in Shenzhen, additional reporting by Liam Mo in Beijing; Editing by Anne Marie Roantree and Sonali Paul)
[6]
Huawei's $2,800 tri-fold phone hits stores as people face supply concerns
Huawei did not say how many phones had been produced so far or how many customers would receive the Mate XT on launch day Huawei and Apple's latest smartphones went on sale in China on Friday, with many fans of the Chinese tech company disappointed that its much-anticipated $2,800 tri-foldable phone was not available for walk-in customers. At Huawei's flagship shop in the southern Chinese city of Shenzhen, some who described themselves as Huawei "super fans" said they were annoyed after being told only those whose pre-orders had been confirmed could buy the new Mate XT. Click here to connect with us on WhatsApp "I've been here since 10 p.m. last night because this tri-folding phone is a first and I'm excited to support our country," said a university student surnamed Ye. "But this is very disappointing. They should have made it clear we can't buy." Another eager consumer surnamed Guo said he took a day off from his job in manufacturing to queue from Thursday night. "They didn't make it clear there are no phones. It's disappointing. More From This Section Quad summit to make announcements on maritime security, technologies Climate, abortion, and gun control: Young women demand change in America Watch: Thai woman survives two-hour struggle with python, rescued by police Nike veteran Elliott Hill to replace John Donahoe as CEO; shares jump Hershey lays off some workers, move affects less than 1% of employees It was a similar story at the Huawei Wangfujing store in Beijing, where consumers were told only those whose pre-orders had been confirmed could buy the much-anticipated phone, which folds three ways like an accordion screen door. The disappointment comes after analysts had warned that supply chain constraints could leave many potential buyers of Huawei Technologies' Mate XT empty-handed. Huawei did not say how many phones had been produced so far or how many customers would receive the Mate XT on launch day. The Mate XT, which is offered at more than twice the price of the iPhone 16 Pro Max, was unveiled at the same time as Apple's new smartphone earlier this month. APPLE NEEDS CHINA AI PARTNER Apple's new smartphone launch in China has been overshadowed by the fact that it has yet to announce an AI partner in the country to power the 16s, and Apple Intelligence, its AI software, will only be available in Chinese next year. Some Apple fans said the AI challenge was not an issue. "The lack of AI in iPhones is not currently a major concern for me, as it's more of a gimmick at this stage," said a customer surnamed Shi who upgrades his iPhone annually. Speaking about the new offering by Huawei, which is seeking to expand its lead in the world's biggest smartphone market, Shi said it was too expensive and "not for ordinary customers". The launch of the Mate XT, which analysts say has a locally-made chipset, underscores Huawei's ability to navigate U.S. sanctions although the company's ability to mass-produce remains a concern. Pre-orders for the Mate XT have surpassed 6.5 million, almost double the roughly 3.9 million foldable smartphones shipped worldwide in the second quarter of this year, according to consultancy IDC. "Pre-ordering" does not require consumers to put down a deposit. Based on recent checks, key components of the Huawei Mate XT, including the panel, cover glass, and hinges, may be facing production yield issues, said Lori Chang, a senior analyst with Isaiah Research. While the Mate XT shows Huawei's innovation in the premium segment, sales may fall short of its bi-folding predecessor, the Mate X5, which still retails for 11,500 yuan ($1,630) and has sold 2.2 million units in total as of the second quarter, said Amber Liu, an analyst with research firm Canalys. Though both are premium foldable flagships of Huawei, Mate XT and Mate X5 differ in their value proposition, specifications and price, Liu said. "It's challenging for the Mate XT to replicate the volume of the Mate X5, but Mate XT marks a significant breakthrough and evolution in all these aspects." Also Read Tech wrap Sep 11: Sony PS5 Pro, Sonos Ace, JioPhone Prima 2, HMD 110, more Huawei unveils tri-fold smartphone, raising competition with Apple in China Huawei's tri-foldable phone stirs Chinese pride but $2,800 price tag panned China's Huawei debuts tri-fold design smartphone in Mate line: Take a look Apple's AI gap in new iPhones hits China users as Huawei threat looms
[7]
Huawei's $2,800 tri-fold phone hits stores amid supply concerns
However, analysts warn that supply chain constraints could leave many buyers of Huawei Technologies' Mate XT empty-handed. The launch of the Mate XT, which analysts say has a locally-made chipset, underscores Huawei's ability to navigate U.S. sanctions and solidifies its position against Apple in China, where some consumers criticised the new iPhone 16 for its lack of AI features in the country. Huawei unveiled the Mate XT to much fanfare this month, with executive director Richard Yu saying the company had turned "science fiction into reality" with the device that folds three ways like an accordion door. Pre-orders have surpassed 6.5 million so far, almost double the roughly 3.9 million foldable smartphones shipped worldwide in the second quarter of this year, according to consultancy IDC, although "pre-ordering" does not require consumers to put down a deposit. While the Mate XT shows Huawei's innovation in the premium segment, sales may fall short of its bi-folding predecessor, the Mate X5, which still retails for 11,500 yuan ($1,630) and has sold 2.2 million units in total as of the second quarter, said Amber Liu, an analyst with research firm Canalys. Though both are premium foldable flagships of Huawei, Mate XT and Mate X5 differ in value proposition, specifications and price, Liu said. "It's challenging for the Mate XT to replicate the volume of the Mate X5, but Mate XT marks a significant breakthrough and evolution in all these aspects." The Mate XT is equipped with the same Kirin 9010 5G processor it used for the Pura 70 smartphone series it launched in April, in a smartphone seen as notable for pushing back against U.S. technology curbs, said Lori Chang, a senior analyst with Isaiah Research. Yet with production yield issues still a problem, in addition to high production costs across its supply chain, Huawei may only be able to produce 500,000 units initially, Chang said. Based on recent checks, she said key components of the Huawei Mate XT, including the panel, cover glass, and hinges, may be facing production yield issues. "There will be challenges to fully meet the number of pre-orders now," said Will Wong, a senior researcher with consultancy IDC. "Nevertheless, it isn't a bad thing as it could create a great hunger marketing effect for the brand." (Reporting by David Kirton; Editing by Anne Marie Roantree and Sonali Paul)
[8]
Huawei 'super fans' annoyed at lack of supply as $2,800 phone hits China stores
"I've been here since 10 p.m. last night because this tri-folding phone is a first and I'm excited to support our country," said a university student surnamed Ye. "But this is very disappointing. They should have made it clear we can't buy." It was a similar story at the Huawei Wangfujing store in Beijing, where access to the much-hyped Mate XT - which folds three ways like an accordion screen door - was restricted to those whose pre-orders had been confirmed. Reuters saw around 30 people queuing outside the Huawei store in Beijing and a similar number at its flagship shop in Shenzhen early on Friday. Around 100 people were seen queuing outside one of Apple's main stores in Beijing. A shopper surnamed Rui who got to try out the Mate XT in Shenzhen said: "I wanted to see what the fuss is about, but it's a bit big, not very practical really." The disappointment comes as some analysts had warned that supply chain constraints could leave many potential buyers of Huawei's Mate XT empty-handed and others questioned the high cost of the phone amid a sluggish economy. While Huawei executive director Richard Yu said at Mate XT's unveiling this month the company had turned "science fiction into reality", owning the phone still remains a fantasy for many. Pre-orders for the Mate XT have surpassed 6.5 million, almost double the roughly 3.9 million foldable smartphones shipped worldwide in the second quarter of this year, according to consultancy IDC. "Pre-ordering" does not require consumers to put down a deposit. Huawei did not say how many phones had been produced so far or how many customers would receive the Mate XT on launch day. Apple did not respond to a request for comment on how many new iPhones were available for sale in China on Friday. In the Huaqiangbei electronics market in Shenzhen, a phone stall vendor said she was selling the most expensive version of the Mate XT - with the highest memory - for 150,000 yuan ($21,290), compared to the store price of 23,999 yuan, while she was offering the $2,800 model for more than $4,000. Asked if she had sold any, she replied: "A few people have asked, but it's far too expensive." While Apple for years enjoyed strong demand in China, where new iPhone launches once sparked a frenzy, its sales have dwindled and the company's quarterly ranking in the world's No. 2 economy has now dropped from third to sixth place. Apple's new smartphone launch in China has been overshadowed by the fact that it has yet to announce an AI partner in the country to power the 16s, and Apple Intelligence, its AI software, will only be available in Chinese next year. Some Apple fans said the AI challenge was not an issue. "The lack of AI in iPhones is not currently a major concern for me, as it's more of a gimmick at this stage," said a customer surnamed Shi who upgrades his iPhone annually. Speaking about the new offering by Huawei, Shi said it was too expensive and "not for ordinary customers". Huawei has received significant patriotic support in China with fans impressed at how the company has managed to overcome years of export controls by the United States that initially crippled its smartphone business. The launch of the Mate XT, which analysts say has a locally-made chipset, underscores Huawei's ability to navigate U.S. sanctions although the company's ability to mass-produce remains a significant concern. Based on recent checks, key components of the Huawei Mate XT, including the panel, cover glass, andhinges, may be facing production yield issues, said Lori Chang, a senior analyst with Isaiah Research. (Reporting by David Kirton in Shenzhen, additional reporting by Liam Mo in Beijing; Editing by Anne Marie Roantree, Sonali Paul and Lincoln Feast.)
[9]
Huawei's trifold phone is proving popular among Apple iPhone fans in Beijing
BEIJING -- Many of Apple's affluent iPhone users in China are just as interested in Huawei's pricier trifold phone, CNBC found during spot checks at stores Friday, the day the iPhone 16 and Mate XT launched in the country. Out of 10 people CNBC talked to on Friday, eight said they are interested in both the new Huawei and Apple phones. CNBC talked to five individuals at each company's store during a workday morning. Chinese telecommunications giant Huawei has sought to rebuild its smartphone business after U.S. sanctions in 2019. Huawei ranked fourth by China smartphone market share in the second quarter, according to Canalys. U.S.-based Apple dropped out of the top five, giving domestic players the top five spots for the first time, the data showed. The iPhone 16 Pro Max starts at $1,199, and the iPhone 16 at $799. Huawei's trifold Mate XT starts at the equivalent of more than $2,800. The price gap was even more apparent on online platforms selling secondhand goods. The Huawei Mate XT was selling for 50,000 yuan to 60,000 yuan ($7,100 to $8,520) on secondhand shopping platform Xianyu as of 1 p.m. Friday afternoon (1 a.m. ET). The Apple iPhone 16 Pro Max was selling for 10,500 yuan to 16,300 yuan, the site showed. Earlier in the day, the listed resale Mate XT price was 19,000 yuan, while the Apple iPhone 16 Pro Max was selling for 9,999 yuan, the site showed. People in Beijing lined up as early as 5:30 a.m. to get the new iPhone when doors opened at 8 a.m. But there were no lines outside Huawei stores in Beijing and Hefei, a smaller city west of Shanghai. The Chinese company started delivering the new phones at 10:08 a.m. to people who had reserved the trifold device. During the 1 hour and 20 minutes that CNBC was at the Huawei store, a couple dozen people went to the second floor to an area reserved for Mate XT buyers. It was not clear if all of them purchased the device. Many were people buying for resale purposes. Huawei's website on Friday showed it had halted sales, and planned to resume them at 10:08 a.m. on Saturday. The page said the company planned to complete deliveries by Sept. 30. The first person CNBC talked to at the Huawei store arrived at 10 a.m. just to try out the trifold phone. The individual, surnamed Yang, declined to share his first name due to concerns about speaking with foreign media. He said if he buys the trifold Mate XT, he plans to try it out for a few days before deciding whether to keep it, give it to a friend, or sell it. Yang expected the device could sell for 2,000 yuan more than the list price. Yang also said he uses an iPhone, and was interested in trying Huawei's new trifold features because Apple wasn't offering much that he felt was new. Even the first person in line at the Apple store, Wang, said he also wanted to get the Huawei trifold phone, but hadn't gotten a text message yet saying his device was ready to pick up. He said he bought the iPhone 16 because he heard its battery lasted longer, but was willing to wait for the iPhone 17 for any artificial intelligence features.
[10]
Resellers are hiking prices on Huawei's 'trifold' smartphone before it's even out
Huawei is preparing to release its new 'trifold' smartphone on Friday -- the same day as Apple's (AAPL) latest iPhone comes out -- but it's already being listed in China for up to three times its price. The Chinese tech giant's new Mate XT smartphone starts at 19,999 yuan, or $2,800, but scalpers are listing the smartphone on resale sites for between 60,000 and 70,000 yuan, or about $8,500 to $9,900, amid high demand, Lin Shen, a second-hand smartphone dealer, told the South China Morning Post (BABA). "The prices at Huaqiangbei [, a Shenzhen-based electronics wholesale marketplace,] are still very unstable," Lin told the SCMP. "Most of the interest is from scalpers who are looking to resell [the Mate XT] and make a profit from the price difference." Huawei did not immediately respond to a request for comment. Huawei's trifold smartphone received over 3 million preorders before its debut just hours after Apple's iPhone 16 unveiling. Pre-orders for the smartphone started on September 7, and did not require a deposit. And as Apple touted artificial intelligence features for its upcoming iPhone models, Huawei said its Mate XT, which uses the company's Kylin chip, features an AI-powered assistant for text summarization, translation, and editing. Apple analyst Ming-Chi Kuo wrote in a note that a recent supply chain survey shows 2024 shipments for the tri-fold smartphone have been revised up to 1 million units from 500,000, but noted previous instances of a drop in demand for Huawei's flagship products after release. Since releasing its Mate 60 Pro smartphone series last August, Huawei has outpaced Apple in the Chinese smartphone market. In April, the company reported a rise in profit for the fourth consecutive quarter, also showing resilience against U.S. sanctions aimed at curbing China's advanced chip efforts. Meanwhile, Apple's iPhone sales fell 19% over the same period -- its worst performance in China since the start of the COVID-19 pandemic in 2020. Apple's share of China's smartphone market also fell year-over-year in the first quarter of 2024 from 19.7% to 15.7%. The company has had to cut prices on some iPhone models in the Chinese market as competition grows with Huawei and other homegrown smartphone-makers. Meanwhile, Chinese online retailers are cutting prices of the iPhone 16 ahead of its official release in the country, as they wait for Apple's AI features to roll out, the SCMP reported.
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Huawei releases its innovative Mate X5 tri-fold smartphone in China, facing supply chain issues and fierce competition in the high-end market. The launch highlights the company's technological prowess but also its ongoing struggles due to U.S. sanctions.
Huawei, the Chinese tech giant, has officially released its latest innovation in the smartphone market - the Mate X5 tri-fold phone. Priced at a premium 19,999 yuan ($2,800), the device hit stores in China on September 8, 2023, marking Huawei's continued push into the high-end smartphone segment 1.
The Mate X5 boasts an impressive tri-fold design, allowing it to transform from a compact smartphone into a tablet-sized device. It features a large internal display when unfolded and a smaller external screen for use when folded. The phone is powered by Huawei's Kirin 9000s chip, manufactured using China's 7-nanometer technology 2.
Despite the fanfare surrounding the launch, Huawei faces significant supply chain challenges. The company's ability to produce the Mate X5 in large quantities is constrained due to ongoing U.S. sanctions, which have limited its access to advanced chip manufacturing technologies. This has raised concerns about the availability of the device and Huawei's capacity to meet potential demand 3.
The launch of the Mate X5 has been met with mixed reactions. While some consumers and tech enthusiasts are excited about the innovative design, others have expressed disappointment. The high price point and concerns about app compatibility due to the lack of Google services have tempered expectations for widespread adoption 5.
Huawei faces stiff competition in the foldable phone market, with rivals like Samsung and Xiaomi offering their own versions at competitive prices. The company's market share in China has also been under pressure, dropping to 11% in the second quarter of 2023 from 27% in 2020 4.
The release of the Mate X5 is seen as a statement of Huawei's technological capabilities and its determination to remain a player in the premium smartphone market. However, the company's ability to sustain production and compete effectively remains uncertain due to ongoing geopolitical tensions and supply chain constraints 1.
While the Mate X5 is currently only available in China, Huawei's long-term strategy for global expansion remains unclear. The company's previous flagship models have seen limited international release due to the lack of Google services, which are crucial for many users outside of China 3.
As Huawei navigates these challenges, the Mate X5 launch serves as a testament to the company's resilience and innovative spirit in the face of significant obstacles. The success of this device could play a crucial role in shaping Huawei's future in the highly competitive smartphone industry.
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Huawei has launched the Mate X5 Ultimate Design, the world's first tri-fold smartphone, priced at $2,800. This innovative device comes just hours after Apple's iPhone 16 debut, intensifying competition in the high-end smartphone market.
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Huawei's new Mate X5 tri-fold smartphone garners 3 million pre-orders, outpacing Apple's iPhone 15 launch. The Chinese tech giant's comeback signals intensifying competition in the global smartphone market.
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Huawei's new Mate X5 tri-fold smartphone is making waves in China, potentially threatening Apple's market share. The innovative device boasts advanced features but comes with a hefty price tag and potential durability concerns.
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Xiaomi launches its first flip phone, the Mix Flip, priced competitively at around $800. The device comes with a unique portable printer accessory, potentially disrupting the foldable phone market dominated by Samsung.
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Apple is reportedly working on a foldable iPhone, with a potential release as early as 2026. However, the project faces challenges and skepticism from industry experts.
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