Huawei and Xiaomi launch foldable phones days before Apple's iPhone event

What happened

Huawei and Xiaomi launched new foldable smartphones in China this week, just days before Apple's September 9 event, where Apple is widely expected to unveil its first foldable iPhone. Huawei's Mate XT2 was revealed Monday, with sales starting September 10.

Confirmed

Global impact / market context

Huawei and Xiaomi are trying to get ahead of Apple by selling foldable phones first in China. If Apple's foldable iPhone launches later, these early sales could win customers, affecting Apple's revenue and its competitors' market share.

Analyst inference

This launch timing suggests strong competition in the smartphone market. Huawei and Xiaomi are challenging Apple's dominance by offering new designs early. Apple's upcoming event will reveal its response, which could influence its stock price based on how innovative its foldable iPhone appears.

Analyst inference

What to watch

1. Watch whether Apple announces its first foldable iPhone at its September 9 event, which was mentioned as widely expected in the supplied article. Confirmed
2. Watch how well Huawei's Mate XT2 sells after September 10, since strong early sales in China could prompt Apple to adjust its pricing or features for its own foldable. Proposed
3. Watch if Xiaomi's foldable phone launch creates pricing pressure, possibly leading to lower profit per sale for all smartphone makers competing in the Chinese market. Analyst inference

Evidence

• cryptopolitan.com