Huawei’s Mate XT Tri-Fold Smartphone Ignites Market Frenzy: Scalpers Skyrocket Prices at Huaqiangbei Electronics Marketplace

Huawei's Mate XT tri-fold smartphone causes a stir, leading to an increase in prices by resellers

Resellers at the Huaqiangbei electronics market plan to sell the base model of Mate XT for as much as US$9,866, which is significantly higher than Huawei's original price of US$2,800.

"Prices in Huaqiangbei remain quite volatile," commented Lin. "The bulk of the demand comes from individuals hoping to flip the Mate XT for a profit by exploiting the price variance."

Reserving without a deposit on Vmall doesn't necessarily secure an immediate purchase for those who have registered, due to the restricted availability of the Mate XT.