Two days before Apple's big launch event on Wednesday, when the company is expected to debut its long-awaited foldable iPhone, Huawei Technologies and Xiaomi are unveiling their premium foldable smartphones.
Huawei on Monday unveiled its Mate XT 2, a trifold smartphone that unfolds into a 10.2-inch tablet. The starting price is $2,980, representing a 10% increase over its predecessor.
First unboxing of Huawei’s $3,000 Mate XT2
— ViralRush ⚡ (@ViralRushX) September 7, 2026
The second-gen tri-fold that turns into a 10.2 inch tablet pic.twitter.com/xDET4qM296
Huawei Executive Director Richard Yu attributed part of that increase to the big memory squeeze that has sent prices skyrocketing. Despite its premium price, the entry-level device comes with 16GB of memory and 256GB of storage.
Xiaomi is set to launch a rival foldable phone later today, while Apple's foldable iPhone, expected to debut on Wednesday, could be called the iPhone Ultra and cost upwards of $2,500.
The iPhone Ultra is now said to feature MagSafe charging after all.
— AppleTrack (@appltrack) September 2, 2026
Previous leaks suggested Apple was skipping this feature on their first foldable due to space constraints. pic.twitter.com/95EomHTV9c
Yu told reporters earlier that the "real challenge right now is pricing, because memory costs have risen sharply. We adopted a lot of new technology, and the cost pr
