Apple and Huawei Launch New Flagship Phones in China Amid Supply and Demand Challenges

Huawei's Mate XT tri-fold phone and Apple's iPhone 16 debut to eager crowds, but supply constraints and AI feature delays pose hurdles.

Huawei's Mate XT tri-fold phone, priced at $2,800, sold out quickly, leaving many walk-in customers disappointed.
Apple's iPhone 16 launched with strong interest, but its AI features won't be available in China until next year.
Huawei received over 6.5 million pre-orders for the Mate XT, but supply chain issues may limit initial availability to 500,000 units.
Resellers are listing the Mate XT at prices up to three times its retail value due to high demand and limited supply.
Despite the hype, both companies face challenges: Huawei with production constraints and Apple with declining market share in China.