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CNBC·3 min read·medium

Xiaomi, Huawei take on Apple’s rumored foldable iPhone

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Arjun Kharpal
Xiaomi, Huawei take on Apple’s rumored foldable iPhone
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Chinese tech giants Huawei and Xiaomi have launched new foldable smartphones ahead of Apple's rumored foldable iPhone announcement. Analysts suggest these moves are strategic attempts to capture market share in the high-end foldable device segment.

Why it matters

The foldable smartphone market represents a key battleground for innovation and market dominance among global tech leaders.

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Huawei and Xiaomi this week rolled out their latest foldable phones as the Chinese tech giants look to steal a lead on rival Apple , which is rumored to launch its first foldable iPhone on Wednesday.

Xiaomi , the world's third-largest smartphone player, introduced the Xiaomi 18 Fold on Monday, a passport-sized device similar to Samsung's Galaxy Z Fold8, which was released earlier this year . Huawei on Monday unveiled the Mate XT2, the third generation of its trifold smartphone , which it pioneered.

Those launches are no coincidence. Apple is holding an event on Wednesday , where it is rumored to be unveiling the first foldable iPhone, a major new product under new CEO John Ternus .

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