{
  "id": 6120463,
  "title": "Huawei launches new foldable smartphone as competition with Xiaomi, Apple heats up",
  "url": "https://urgent.news/2026/09/07/huawei-launches-new-foldable-smartphone-as-competition-with-xiaomi-6120463",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-07T08:48:48.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/huawei-launches-new-foldable-smartphone-as-competition-with-xiaomi-apple-heats-up-4890496"
  },
  "original_language": "en",
  "account": "Huawei unveiled its latest flagship foldable smartphone series, the Mate XT2, on Monday in an effort to maintain its dominance in the Chinese premium handset market against rivals Apple and Xiaomi. The new phones, which can fold out twice to reveal a tablet-sized screen, are powered by Huawei's innovative Kirin 9050 Pro chip. However, the high cost of memory has posed a challenge, with prices starting at 19,999 yuan ($2,980) for the base model and reaching 24,999 yuan ($3,725) for the top-end version. The company's executive director, Richard Yu, acknowledged the pressure of rising costs but emphasized the use of advanced technology in the development of the Mate XT2. The new chip, called LogicFolding, promises greater computing power while consuming less energy, aligning with Huawei's \"Tau Scaling Law\" principle introduced in May to navigate U.S. restrictions on advanced technology. Xiaomi is set to release its own foldable phone later on Monday, while Apple is expected to showcase its newest iPhone series on Wednesday. Notably, Huawei is the sole major brand offering a tri-fold phone, though it is currently prohibited from selling in the United States due to its designation as a national security risk by Washington. South Korea's Samsung Electronics, the world's leading foldable phone seller, launched a tri-fold model in December but later discontinued its sales after three months. In July, Samsung expanded its foldable lineup with a passport-sized device. The Mate XT2 series boasts a refined folding mechanism, enhanced water resistance, an advanced screen that conceals content from onlookers, upgraded cameras, and a 42% performance boost over its predecessor. Xiaomi's shares dropped 3% in response to Huawei's announcement, while Huawei holds a 22.6% share of China's smartphone market, surpassing Apple's 18.1% and Xiaomi's 12.4% in the second quarter, according to research firm IDC. In the folding phone segment, Huawei commands 68% of China's market share, as reported by Smart Analytics Global.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Economic Times",
        "title": "Foldable iPhone could steal Apple’s September show",
        "url": "https://urgent.news/2026/09/06/foldable-iphone-could-steal-apples-september-show",
        "published": "2026-09-06T10:42:52.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Huawei launches new foldable smartphone; Xiaomi and Apple set to follow",
        "url": "https://urgent.news/2026/09/07/huawei-launches-new-foldable-smartphone-xiaomi-and-apple-set-to-follow-6141170",
        "published": "2026-09-07T07:19:00.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Huawei launches new foldable smartphone as competition with Xiaomi, Apple heats up",
        "url": "https://urgent.news/2026/09/07/huawei-launches-new-foldable-smartphone-as-competition-with-xiaomi-6117601",
        "published": "2026-09-07T08:04:32.000Z"
      },
      {
        "outlet": "Dawn",
        "title": "Huawei launches new foldable smartphone as competition with Xiaomi, Apple heats up",
        "url": "https://urgent.news/2026/09/07/huawei-launches-new-foldable-smartphone-as-competition-with-xiaomi-6122523",
        "published": "2026-09-07T08:33:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}