Huawei Targets iPhone's Premium Market with $2,800 Foldable Mate XT Launch: Report

Benzinga09-10

China’s top smartphone maker Huawei Technologies Co announced that its new trifold smartphone, Mate XT, will launch on September 20, 2024, with prices starting at over $2,800. The move marks Huawei’s ...

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Pre-orders for the device have already surpassed 4 million, CNBC cites Huawei’s website.\nReuters cites the IDC as stating that Huawei led the foldable smartphone market in the second quarter with a 27.5% market share, followed by Samsung Electronics with 16.4%.\nIDC analyst Arthur Guo expressed skepticism to Bloomberg over the prospects of trifold products becoming a major growth catalyst for the foldable market, citing the high technical requirements, low yields, high prices, and limited participants.\nPrice Action: AAPL stock is down 0.77% at $219.17 premarket at the last check Tuesday.\nAlso Read:\n\nChina’s Markets Still Manage To Get Nvidia AI Chips Via Smuggling: Report\n\nPhoto via Huawei\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nThis article Huawei Targets iPhone's Premium Market with $2,800 Foldable Mate XT Launch: Report originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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