Huawei's Mate XT tri-fold smartphone sparks frenzy, prompting scalpers to raise prices
Strong demand for Huawei Technologies' attention-grabbing Mate XT tri-fold smartphone, which is in tight supply, has prompted consumer electronics vendors in Shenzhen's Huaqiangbei to triple the handset's selling price ahead of its official release this Friday.
Many Apple iPhone users in China are just as interested in Huawei's pricier trifold phone, CNBC found during spot checks at stores Friday, the day the iPhone 16 and Mate XT launched in the country.
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