Apple's iPhone 16 Launch Parade On Monday Gets Rained On By Huawei: Chinese Company's Tri-Fold Phone Gets Over A Million Orders In Just 7 Hours
Portfolio Pulse from Ananya Gairola
Huawei's new Mate XT tri-fold smartphone received 1.3 million orders within seven hours, overshadowing Apple's upcoming iPhone 16 launch. Huawei's strategy aims to compete with Apple in the Chinese market, where Apple's market share has been declining.
September 09, 2024 | 2:16 am
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Apple's iPhone 16 launch is overshadowed by Huawei's Mate XT, which received 1.3 million orders in just seven hours. This highlights the increasing competition Apple faces in the Chinese market, where its market share has been declining.
Huawei's successful pre-order numbers for the Mate XT indicate strong consumer interest, potentially impacting Apple's iPhone 16 launch. Apple's declining market share in China further exacerbates the competitive pressure.
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