Huawei trifold phone's resale frenzy cools shortly after launch

Slumping consumer sentiment, talk of increased supply depress Mate XT street prices

20241015N Huawei Mate REUTERS

The Huawei Mate XT trifold smartphone drew nearly 7 million preorders before its September launch. © Reuters

ITSURO FUJINO, Nikkei staff writer

GUANGZHOU -- Huawei Technologies' new trifold smartphone, which fetched a large premium on the resale market upon launching, has seen street prices drop sharply in the few weeks since then.

On Sept. 20, Huawei released the Mate XT, billed as the world's first smartphone with three foldable segments. Huawei's official web portal received more than 6.8 million preorders.

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