By David Kirton
SHENZHEN, China (Reuters) - China's Huawei Technologies unveils a three-way foldable phone on Tuesday, as it seeks to widen its lead over Apple in the world's biggest smartphone market with a new form factor that has gained popularity in the China market.
Just hours after Apple unveiled its latest iPhone model, Huawei is holding a launch event of the new Z-shaped smartphone Mate XT which was displayed on its flagship e-commerce stores in mainland China a day earlier.
Huawei's website showed on Tuesday that it had garnered more than 3.3 million pre-orders, for which no deposit is required, for the new smartphone.
By comparison, the entire global market for foldable phones was around 4 million units in the second quarter, according to research firm IDC.