Huawei's Mate XT tri-fold smartphone sparks frenzy, prompting scalpers to raise prices

By Yahoo! Finance | Sep 19, 2024 at 05:33 AM EST

The highly anticipated Huawei Mate XT tri-fold smartphone is facing soaring prices in Shenzhen's Huaqiangbei due to limited supply and high demand. Scalpers are reselling the device at triple its original price, with grey market listings ranging from 60,000 to 70,000 yuan.

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