Huawei and Xiaomi unveil new foldables

Huawei and Xiaomi are preparing to launch their latest foldable smartphones in China, a move that reflects the escalating competition in the luxury smartphone market just days before Apple is expected to unveil its first foldable iPhone. Huawei is set to release the Mate XT 2, which features a dual-folding mechanism and aims to strengthen its position in the large-screen device market. Meanwhile, Xiaomi is focusing on the 18 Fold, a device that uses locally sourced components and adopts a book-like design. This competition is particularly significant given the slowdown in market sales and rising costs, with forecasts indicating that Apple may dominate about a quarter of the foldable phone market by the end of the year, and its market share could reach 41% the following year. Such developments could reshape market dynamics and impact the current shares of other companies.

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