iPhone 16 disappoints as Huawei surges ahead

Huawei’s Mate XT has received over 4 million pre-orders, setting the stage for fierce competition with Apple.
The iPhone 16 is significantly more expensive in Russia, costing several hundred dollars more than in the U.S.

Apple’s iPhone 16 has struggled to generate excitement as its long-anticipated AI features remain in the testing phase. Meanwhile, Huawei is gaining momentum, unveiling a tri-fold smartphone that has attracted significant attention in the competitive global market.

After the release, Apple’s shares fell by 1.7%, reflecting concerns over the limited upgrades to the phone’s design and AI technology, which will only be available in beta next month. The lack of full AI integration has led to dissatisfaction in China, where users expressed frustration over missing features.

Huawei’s latest Mate XT smartphone, boasting advanced AI capabilities and priced at $2,800, has already secured over 4 million pre-orders. Analysts predict that, despite production constraints, the Mate XT’s innovative design could present a significant challenge to Apple.

As Huawei continues its resurgence following US sanctions, its dominance in China grows. In contrast, iPhone sales in China have dropped, and Apple now faces increased pressure from Huawei’s cutting-edge technologies in the high-end market.