Huawei Mate XT Master Edition Pre-orders Exceed 3 Million, Folding Screen Market Heats Up

Huawei Mate XT Master Edition Pre-orders Exceed 3 Million, Folding Screen Market Heats UpHuawei's official website shows that pre-orders for the Huawei Mate XT Master Edition, a tri-fold phone launched at 12:08 pm on September 7th, have surpassed 3 million, reaching 3,137,000. This new product will be officially released on September 10th and will go on sale at 10:08 am on September 20th

Huawei Mate XT Master Edition Pre-orders Exceed 3 Million, Folding Screen Market Heats Up

Huawei's official website shows that pre-orders for the Huawei Mate XT Master Edition, a tri-fold phone launched at 12:08 pm on September 7th, have surpassed 3 million, reaching 3,137,000. This new product will be officially released on September 10th and will go on sale at 10:08 am on September 20th. This overwhelming response once again underscores Huawei's strong influence in the foldable phone market.

In fact, Chinese manufacturers have demonstrated strong competitiveness in the foldable phone market. In the second quarter of 2024, Huawei secured the top position in the Chinese foldable phone market with a 41.7% market share, outperforming its competitors. Debon Securities states that most mainstream smartphone manufacturers have completed the layout and iteration of their foldable phone product lines, and the foldable phone industry is gradually entering a period of stable growth. In the future, deep integration of AI large models with foldable phones, coupled with price drops that further stimulate the desire to upgrade, is expected to drive rapid growth in the overall penetration rate of foldable phones.

As the foldable phone market continues to expand, the related industry chain is also experiencing new development opportunities. According to Cailian Press's thematic database, several listed companies are currently benefiting or will benefit from the rapid development of foldable phones:

• Belong Precision: The company's smartphone precision structural parts business primarily consists of camera components and camera modules. Its products will enter Huawei's supply chain through Sunny Optical.

• Tiansheng New Materials: The company's wholly-owned subsidiary Changzhou Haotian New Materials currently directly or indirectly provides related products to well-known phone manufacturers like Huawei. Furthermore, their TPU tape series for reinforcing foldable phone metal backplates, including the single-sided Haotian TS-64035 product, has passed terminal device testing and is already in mass production for foldable phones.

The enthusiastic pre-orders for the Huawei Mate XT Master Edition and the leading position of Chinese manufacturers in the foldable phone market signal that the foldable phone market will experience greater development opportunities in the future. With technological advancements and cost reductions, foldable phones are poised to become the mainstream form of smartphones in the future.