Huawei Unveils Huawei Mate X Foldable 5G Smartphone Authorized by George Zhuang Hot on the heels of its South Korean-based competitor, Huawei announced its plans to release a foldable 5G-capable smartphone just four days after Samsung revealed its own foldable phone at an Unpacked press conference in San Francisco. This is Huawei’s latest attempt to innovate and expand its earnings. In addition to staying ahead of the industry through R&D, an essential part of any company’s game plan, Huawei faces, as all smartphone manufacturers face, declining smartphone sales due to “[a] general market saturation of mobile computing devices. A slowing global economy, with rising trade tariffs ... And a final key factor may be the rising price of phones, like Apple’s $1,000 iPhone XS, that are prompting owners to wait longer between upgrades [1]”. Because of this global slowdown of smartphone purchases, Huawei and other smartphone manufacturers are forced to release new, and more inno...
