Shenzhen’s Mate XT: A Surge in Smartphone Demand and Scalper Prices

Thursday, 19 September 2024, 02:00

Shenzhen's Mate XT has generated immense demand, with scalpers raising prices significantly. As Huawei's newest device leads the hype, the impact on the smartphone market is palpable.
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Shenzhen’s Mate XT: A Surge in Smartphone Demand and Scalper Prices

The Surge of Demand for Huawei's Mate XT in Shenzhen

Huawei's new Mate XT tri-fold smartphone has ignited a shopping frenzy in Shenzhen, specifically in the bustling area of Huaqiangbei. Following the official pre-order launch on September 7, the device has already amassed over 6.3 million reservations on the Vmall e-commerce platform. Priced at 19,999 yuan (US$2,800) for the 256GB version, scalpers have been seen listing the sought-after 5G handset for as much as 70,000 yuan.

The Scalper Market Reaction

  • Scalper Prices Surge: Lin Shen, a second-hand smartphone dealer, reports that prices at Huaqiangbei are unstable with hefty profit margins being sought by resellers.
  • High Grey-Market Prices: The inflated prices, reflecting a strong consumer interest, suggest that Huawei is competently competing with Apple's latest release.

Impact on the Smartphone Landscape

In a bold move against Apple, Huawei's Mate XT launch comes right as the iPhone 16 hits the market, causing online retailers to adjust prices dramatically. As competition escalates, consumers are keenly awaiting the release details amidst fluctuating prices.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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