A Huawei Technologies Mate Xt Smartphone Arred in Hong Kong on Sep. 24, 2024.
Lam Yik | Bloomberg | Getty Images
Huawei Launched Its TRIFOLD Smartphone Outseide of China on Tuesday, as it plots a comeback in International Markets after Getting Hammered by Us Sanctions.
The mate xt will have a starting price tag of 3,499 euros ($ 3,660). Huawei has yet to announs in which countries the model will be available, but the company has told users to look out for locked.
The handset was First released in China last year and Drew global intrigue For being the first ever trifold phone. Normal foldable devices can be folded Once in Half Eather Vertically or Horizontally. The mate xt has two points at which it can fold and can display content on a single, double or triple screen.
Huawei was on the biggest smartphone player in the world And challenged apple and samsung in the premium segment of the market.
Us sanctions beginning in 2019 Cut off huawei’s access to advance chips and google’s android operating system, Causing Its Market Share to plungeIt was all but wiped out from international markets as other brands filled the gap. Huawei’s Smartphone Market Share outseide of China Stands at Just Just Just 0.3%, According to Data from Research Firm International Data Corporation.
However, in China, Huawei’s Market Share Grew to 17% in 2024 From 12% The Year Before, According to the IDCThanks to a comeback that began late in 2023 when it released a smartphone Containing a Fairly Advanced ChipThe component surprised many trusts us sanctions over the past few years have sought to cut china’s access to advanced semiconductor technology.
Huawei is hoping to brings that Momentum to its overseas market, focusing on high-end devices.
Francisco Jeronimo, vice president for data and analytics at IDC, told CNBC that the the Mate XT will not be sold in large volumes and is likely aimed at those wanting to show off that they can afford such a pricey device.
“I think what they (huawei) believe that the trifold can be a unique value proposation and beCause it is very expensive, they aim to targetty individuals who are available. Sus having the best experience you can get , “Jeronimo said.
Still, even if huawei was to sell hal halion units of the mate xt, it could generate $ 1.5 billion in revenue, jeronimo added.
The mate xt will be a test of huawei’s appeal outside of China. For one, it will not be using google’s android operating system, which is the most popular in the world.
While Users of Android Phones can access millions of apps via the Google Play Store, Huawei’s App Store does not offer some of the most popular google apps that people of china rely XT’s appeal.
“Lack of Google Still is a ‘Gapping Hole’ for Mainstream International Market Especially that who will pay top dollar e genai google gemini features, “Neil Shah, Partner at CounterPoint Research, Told CNBC.
Gemini is Google’s Artificial Intelligence Chatbot.
(Tagstotranslate) Huawei (T) Technology (T) Mobile Phones (T) Smartphones (T) United States (T) China (T) China (T) China (T) Business News