The $7000 Smartphone That's Flooding The Black Market Before Its Release

Huawei and Apple have always been in close competition in the tech industry, and their recent releases are no exception. Just recently, Huawei's Mate XT and Apple's iPhone 16 hit the shelves on the same day, drawing in a massive crowd of consumers and scalpers alike.

According to sources, Huawei's trifold Mate XT smartphone is particularly in high demand, even among Apple's die-hard fans. The device's innovative design seems to have captured the imagination of tech enthusiasts, who are eager to get their hands on it.

Little did Huawei know that their latest device would spark a frenzy among scalpers, who are now taking advantage of the high demand by selling the Mate XT for an eye-watering $7,000, way before its official release. The news has left many in shock and raises serious questions about the volatility of the tech industry.

The Mate XT's rising popularity is all the more surprising given the ongoing US-China tech tensions, which have heavily impacted the global supply chain of electronics and tech devices. However, this doesn't seem to have deterred Huawei or dampened consumer spirits.

Beijing has witnessed the craze surrounding the Mate XT's release firsthand. Fans have flocked to stores, lined up for hours, and waited anxiously to get their hands on the device. The air of excitement is palpable, with many people now discussing the merits of Apple's iPhone 16 against the revolutionary Mate XT.

While some scalpers may be laughing their way to the bank, not everyone is optimistic about the situation. Industry analysts warn that the extreme prices being asked for the Mate XT might deter genuine buyers and tarnish Huawei's brand image.

It's becoming increasingly clear that the battle between Huawei and Apple will only intensify as new products hit the market. But with scalpers swooping in to capitalize on the craze, the real question is whether either company will emerge unscathed in the face of rising tech tensions.