Huawei’s foldable screen phone price collapses due to scalpers.

【Epoch Times September 24, 2024 News】In less than 48 hours since its official release, the Huawei Mate XT folding screen smartphone’s extraordinary scalper price has collapsed. The price went from nearly a hundred thousand yuan to only four thousand yuan, with no one even purchasing the black color model. This news has become a hot topic on Baidu search for September 24.

According to the official account of Beijing Sanyan Interactive Technology Co., Ltd. “Sanyan Technology” on September 23, on September 22, many digital bloggers posted videos on social media platforms stating that the price of the Mate XT folding screen phone has plummeted. Prices went from increasing by sixty to seventy thousand or even over a hundred thousand yuan, to a sudden drop to just four thousand or two thousand yuan. It even reached a point where prices were changing hourly, and sellers were reluctant to buy at certain prices but willing to sell at much higher prices.

On September 20, the day the phone was released, a blogger from Northeast China posted a video holding a red top-of-the-line Mate XT phone originally priced at 23,999 yuan from the official website. After inquiring with four scalpers, only one was willing to buy it back for 30,000 yuan, an increase of 6,000 yuan.

A digital blogger in Shenzhen revealed the scalper price of Mate XT at Huaqiangbei, showing that from the 21st to the 22nd, the scalper price of this Huawei phone dropped by over 4,000 yuan.

The reasons for the “collapse” of the scalper price of the Huawei Mate XT folding screen phone, as reported by “Sanyan Technology,” are primarily twofold.

Firstly, general consumers have not fully embraced the concept of a folding screen smartphone, or it may not have a broad target audience. For the average user, there isn’t a significant demand for a folding screen phone in their daily lives.

Secondly, the price is simply not consumer-friendly. Even at the official starting price of 20,000 yuan, it is still far from affordable for most consumers. “Sanyan Technology” mentioned that the faster the scalper price collapses, the more rational consumers are becoming.

Public data shows that the HUAWEI Mate XT Extraordinary Master is a three-fold folding smartphone launched by Huawei on September 10, 2024, making it the world’s first triple folding screen phone.

However, some netizens mockingly said that Apple turned computers into phones, while Huawei turned phones into tablets, making simple things unnecessarily complex.

Netizen “freelancerw” commented, “It was just a hype. Some people were flocking to pre-order without paying a deposit. They hyped the pre-orders, with some even reposting information about buying folding phones for tens or hundreds of thousands, but when it came time to pick up the phone, they suddenly didn’t want it. Who is really artificially inflating the prices in the market?”