Huawei Unveils Revolutionary Foldable Smartphone to Challenge Apple's Dominance in China

Huawei Technologies launched a three-way foldable phone, Mate XT, aiming to outpace Apple's iPhone in China's massive smartphone market. Having received 3.6 million pre-orders, Huawei continues to navigate U.S. sanctions successfully. Despite challenges such as high prices and limited quantities, Huawei's new foldable strengthens its competitive position.

Huawei Technologies introduced its groundbreaking three-way foldable phone, Mate XT, in a bid to surge past Apple in China, the world's largest smartphone market. The launch coincides with the global debut of Apple's latest iPhone model.

The new smartphone has already garnered more than 3.6 million pre-orders, reflecting considerable interest despite no deposit requirement. For comparison, the worldwide market for foldable phones was roughly 4 million units in the last quarter, based on data from IDC.

Huawei's latest release demonstrates its resilience against U.S. sanctions and further cements its competitive edge over Apple in China. However, analysts predict that the Mate XT's anticipated high price and limited availability may render it more a symbol of technological innovation than a major market disruptor.

(With inputs from agencies.)