Shenzhen's Mate XT Tri-Fold Handset Surges as Scalpers Capitalize on Demand

Thursday, 19 September 2024, 02:00

Shenzhen's Mate XT tri-fold smartphone has sparked a frenzy as scalpers inflate prices amidst the buzz surrounding the Apple iPhone 16. This Huawei Technologies' launch has seen staggering demand, with thousands of pre-orders surging on Vmall. As scalpers list the device for exorbitant prices, the smartphone market braces for a new wave of competition driven by advancements in artificial intelligence.
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Shenzhen's Mate XT Tri-Fold Handset Surges as Scalpers Capitalize on Demand

Shenzhen's Mate XT and the Scalper Surge

The launch of the Mate XT by Huawei Technologies has been nothing short of a spectacle in Shenzhen. With more than 6.3 million pre-orders on the Vmall e-commerce platform, demand has skyrocketed for this 5G handset, drawing the attention of numerous scalpers eager to profit from the hype.

Market Reactions and Trends

  • Scalpers in Huaqiangbei have increased the prices to as high as 100,000 yuan, while the official price from Huawei stands at 19,999 yuan ($2,800).
  • Interestingly, this surge coincides with the launch of the iPhone 16, which is seeing a price reduction on platforms like Pinduoduo.
  • As competition heats up between Huawei and Apple, the impact of artificial intelligence in smartphones is becoming a focal point for consumers.

Conclusion: A New Era in Smartphones

The Mate XT represents a significant evolution in the smartphone market, illuminating how consumer interests can escalate prices dramatically. As Huawei attempts to reclaim its position amidst high-profile competition, the industry watches closely how these dynamics will shape future tech innovations.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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