Huawei trifold phones being flipped for $7,000 even before release

Limited availability causes prices to soar on online marketplaces

20240917N huawei trifold MAIN

Production costs are high for the Mate XT, the world's first trifold smartphone. (Photo by Itsuro Fujino)

ITSURO FUJINO, Nikkei staff writer

GUANGZHOU -- Huawei Technologies' new trifold smartphone, to be released Friday, is popping up on online marketplaces at more than double the list price before it even hits the market, as Chinese tech fans scramble to get their hands on the difficult-to-produce device.

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