Huawei's latest trifold Mate XT launch attempts to outshine Apple's new iPhone, but the company faces a significant hurdle with its chip technology. Oppenheimer's Martin Yang told CNBC that Huawei’s systems-on-chip remain two to three years behind competitors, and the technological gap is widening. Yang predicts that Huawei will focus on marketing the trifold design rather than chip performance. China’s tech giant saw nearly 3.5 million preorders for the device, but Yang cautions that sales may not meet these early expectations.
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00:00It's Benzinga and here's what's on the block.
00:02Huawei's latest tri-fold Mate XT launch attempts to outshine Apple's new iPhone,
00:07but the company faces a significant hurdle with its chip technology.
00:11Oppenheimer's Martin Yang told CNBC that Huawei's systems on chip remain two to three
00:15years behind competitors, with the technological gap widening.
00:19Yang predicts that Huawei will focus on marketing the tri-fold design rather than chip performance.
00:25China's tech giant saw nearly 3.5 million pre-orders for the device, but Yang cautions
00:29that sales may not meet these early expectations.
00:32For all things money, visit Benzinga.com.