Huawei's Trifold Is Now Fetching $7,000 As Buyers Flip Apple Rival's Device On Online Marketplaces In China
Portfolio Pulse from Ananya Gairola
Huawei's upcoming Mate XT trifold smartphone is being listed for over $7,000 on online marketplaces in China, more than double its list price, due to high demand and limited availability. The device, which features generative AI and satellite communication, is seen as a rival to Apple's iPhone 16 series.
September 18, 2024 | 3:43 am
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POSITIVE IMPACT
Alibaba's flea market app Xianyu is hosting listings for Huawei's Mate XT at inflated prices, indicating strong demand for the device. This could drive traffic and engagement on Alibaba's platform.
The high demand for Huawei's Mate XT on Alibaba's Xianyu app suggests increased user activity and potential revenue from transaction fees, positively impacting Alibaba's short-term stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50