Huawei’s $2,800 Mate XT trifold phone goes on sale in China, amid analysts’ supply concerns; IDC: preorders surpassed 6.5M, versus ~3.9M foldables shipped in Q2 (David Kirton/Reuters)
Huawei’s highly anticipated Mate XT trifold phone has finally hit the shelves in China, with a hefty price tag of $2,800. While initial preorders have been strong, exceeding 6.5 million units according to IDC, analysts are voicing concerns about Huawei’s ability to meet demand.
The Mate XT, boasting a unique three-fold design that expands to a tablet-sized display, has generated considerable buzz among tech enthusiasts. The phone’s impressive specs and innovative form factor seem to have captured the attention of Chinese consumers, evident in the pre-order numbers.
However, despite the strong initial interest, analysts are wary of potential supply chain bottlenecks. “While the pre-order numbers are impressive, Huawei has historically struggled to keep up with demand for its flagship devices,” said an analyst at IDC. “The Mate XT’s intricate design and complex manufacturing process might further amplify these challenges.”
The supply concerns are particularly relevant given the broader industry landscape. IDC reports that only around 3.9 million foldable phones were shipped globally in the second quarter of 2023. This indicates a still nascent market with limited production capacity.
Huawei, already facing US sanctions, may find it difficult to procure necessary components for the Mate XT’s production. This, coupled with the existing challenges of scaling up foldable phone manufacturing, could lead to limited availability and potential delays for eager customers.
Despite these concerns, Huawei’s launch of the Mate XT represents a bold move in the foldable phone market. The device’s success could significantly impact the broader industry, potentially driving innovation and increasing consumer adoption. However, the company’s ability to navigate the supply challenges will be crucial to its long-term success in this emerging segment.