Huawei's trifold phone is proving popular among Apple iPhone fans in Beijing

Published On Sep 20, 2024, 4:28 AM

Huawei's new trifold phone, the Mate XT, is garnering attention from affluent iPhone users in Beijing. While the iPhone 16 and Mate XT launched simultaneously, customers showed strong interest in both devices, with many willing to explore Huawei despite the higher price of about $2,800 for the Mate XT. Lines formed outside Apple stores, whereas Huawei's launch saw fewer immediate buyers, indicating a cautious interest among iPhone users.

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Conversely, Apple's drop in the smartphone market rankings suggests potential challenges in maintaining their market share in China. The excitement around Huawei's new releases may put pressure on Apple's growth, potentially leading to a negative performance in the stock market if this trend continues.

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