Huawei has officially launched its Mate XT, the world's first tri-fold smartphone, generating significant excitement among consumers and competing directly with Apple's iPhone 16, which was released on the same day. The launch event in China has sparked a frenzy, with resellers already hiking prices for the device to as high as $21,190 in some cases, reflecting overwhelming demand. Despite the $2,800 price tag at launch, buyers faced supply constraints and reported disappointment over limited availability, leading to scalping on online marketplaces. Initial hands-on reviews have praised the durability and innovative design of the Mate XT, leaving many to question Apple's position in the market. As both tech giants vie for supremacy, the competition continues to heat up.