The $3,000 Huawei Mate XT tri-fold is now almost $10,000 because of shortages

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The $3,000 Huawei Mate XT tri-fold is now almost $10,000 because of shortages
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Sebastian, a veteran of a tech writer with over 15 years of experience in media and marketing, blends his lifelong fascination with writing and technology to provide valuable insights into the realm of mobile devices.

I don't care how special, novel, or fancy a smartphone is – unless it's made out of precious metals, it should not cost $10,000. There are cars for 10 grand that will serve you faithfully and will take you places, for crying out loud.

Huawei initially set the price of the 256GB Mate XT at 19,999 yuan , but in Shenzhen's Huaqiangbei, the world’s largest electronics marketplace, some sellers are offering it for as much as 60,000 to 70,000 yuan . Simply mind-boggling. Lin Shen, a second-hand smartphone dealer based in Huaqiangbei, mentioned that prices in the market remain highly unpredictable. He noted that most of the interest in the Mate XT comes from scalpers aiming to resell the device and profit from the price fluctuations.tri-fold, but things are spiraling out of hand as we speak. Now, the tri-fold is claimed to have already attracted over 6.3 million reservations on its Vmall e-commerce platform.

Another Huaqiangbei dealer indicated that his final resale price for the Mate XT would depend on whether he could secure a unit when sales officially begin. Similarly, prices on online platforms have also surged.The competition between Huawei and Apple has taken on a new dynamic in China, as Huawei, which has faced US sanctions, has been reviving its smartphone business just as Apple faces increased challenges in the market.

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