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Report
Apple competitor launches tri-foldable phone globally
The Street
Follow
2/18/2025
Huawei has officially released the Mate XT trifold phone outside of China.
Category
🥇
Sports
Transcript
Display full video transcript
00:00
When you hear about smartphones, there are two names dominating the international conversation,
00:04
Apple and Samsung.
00:06
But China's Huawei wants to get back into the chatter.
00:08
The Chinese device maker is taking its tri-fold phone, called the Mate XT, global.
00:14
The phone, which has a screen that folds in three, started selling in China in 2024, and
00:19
now it's launching internationally with a $3,600 price tag.
00:25
The global launch is an effort to revive a brand tarnished by U.S. sanctions.
00:30
Huawei was once on its way to challenging Apple and Samsung at the top end of the smartphone
00:34
food chain before those sanctions made it persona non grata.
00:38
Huawei's global market share now stands at just 0.3 percent, according to IDC.
00:45
The novelty of the phone may be the key to Huawei's global revival strategy.
00:50
The high price tag could make the Mate XT a status symbol in the age of quiet luxury.
00:57
More importantly, however, Huawei wants to get its brand name back out there, outside
01:02
of China, where it has a 17 percent market share.
01:05
There could be one stumbling block, though.
01:08
The Mate XT is definitely not an Apple product, so users won't have access to the App Store.
01:13
It is also not using the Google Android operating system, so users won't have access to apps
01:18
from Google Play either.
01:20
Mate XT users will have to rely on Huawei's App Store, which doesn't have access to a
01:26
majority of the most popular apps used by Americans.
01:30
Turning to markets, at the start of a holiday-shortened trading week, the S&P 500 is a stone's throw
01:36
away from setting a fresh record high.
01:39
Investors are keeping their ears open for any more tariff news out of Washington.
01:43
Meanwhile, shares of Intel are higher after reports the company could be broken up and
01:48
there's potential buyers interested in the pieces.
01:52
That'll do it for your daily briefing from New York City.
01:54
I'm Conway Gittins with The Street.
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