Strong demand for Huawei Technologies‘ that draws attention Mate XT tri-fold smartphonewhose supply is scarce, has driven sellers of consumer electronics to ShenzhenHuaqiangbei will triple the selling price of the phone before its official launch on Friday.
While Huawei has priced the 256GB model of the Mate XT at 19,999 yuan (US$2,800), many resellers have listed the new 5G The price of mobile phones ranges from 60,000 to 70,000 yuan amid an increasing number of inquiries, according to Lin Shen, a second-hand seller. smartphone distributor in Huaqiangbeithe world’s largest wholesale electronics marketplace.
“Prices on Huaqiangbei are still very unstable,” Lin said. “Most of the interest is coming from scalpers looking to resell (the Mate XT) and make a profit from the price difference.”
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The Mate XT, touted by Huawei as the world’s first commercial tri-fold smartphone, had generated over 6.3 million reservations on the company’s Vmall. e-commerce platform starting Wednesday afternoon. Huawei started pre-orders on September 7.
People walk past Huawei Technologies’ new tri-fold smartphone Mate XT on display at the company’s store in Beijing, September 10, 2024. Photo: AFP alt=People walk past Huawei Technologies’ new tri-fold smartphone Mate XT on display at the company’s store in Beijing, September 10, 2024. Photo: AFP>
However, no-deposit reservations on Vmall do not guarantee an immediate purchase for those who have registered due to the limited supply of the Mate XT.
The Mate XT’s ridiculously high prices on the grey market reflect Huawei’s successful effort to steal AppleGoogle thunders into the world’s largest smartphone market in the same month as the US tech giant introduced the latest version of the iPhone.
Online retailers on the continent have already… Reduced prices on the new iPhone 16 series ahead of its official launch this Friday, as mainland consumers await the launch of the phone with artificial intelligence software.
Another Huaqiangbei dealer said the resale price of the Mate XT will ultimately depend on whether he can get his hands on one of the phones when sales start on Friday.
In addition to Huaqiangbei, dealers in online markets have also raised the list price of the Mate XT. In Xianyu, the online flea market of Alibaba Group Holding CompanyThe Mate XT has been priced between 30,000 and 100,000 yuan. Many retailers promise to deliver the device on the same day of its official launch. Alibaba owns the South China Morning Post.
Richard Yu Chengdong, president of Huawei Technologies Consumer Business Group, displays the Mate XT tri-fold smartphone during the phone launch event in Shenzhen on Sept. 10, 2024. Photo: Xinhua alt=Richard Yu Chengdong, president of Huawei Technologies Consumer Business Group, displays the Mate XT tri-fold smartphone during the phone launch event in Shenzhen on Sept. 10, 2024. Photo: Xinhua>
Meanwhile, PDD Participations‘ budget shopping platform Pinduoduo The 512GB iPhone 16 Plus is now on sale for 8,999 yuan, a 10% discount from the official price of 9,999 yuan. The 128GB iPhone 16 is available with an even bigger discount of 11%.
This article originally appeared in The South China Morning Post (SCMP)the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, explore the SCMP Application or visit the SCMP Facebook and Twitter pages. Copyright © 2024 South China Morning Post Publishers Ltd. All rights reserved.
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