Apple’s rivals are watching closely
Apple’s fiercest rivals for smartphone sales in China are reacting to the launch, even before it’s started, CNBC reported this week.
Huawei and Xiaomi both announced new foldable phones on Tuesday. Xiaomi introduced the 18 Fold, a passport-sized device, and Huawei unveiled the Mate XT2, a trifold smartphone.
Foldable phones remain a very small part of the overall smartphone market, or about 2.2% of unit shipments so far this year, according to IDC. Huawei is currently the dominant player, especially in China, where it controls nearly 80% of the market. But Apple’s potential debut is expected to energize the entire category.
— Kif Leswing
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