Every year, the smartphone industry innovates in a notable manner that leads to popular trends being created. The best example for 2019 would be the in-display fingerprint scanner and the foldable displays. Samsung was one of the first to the race with its infamous Samsung Galaxy Fold that had brought the future near but with its own shortcomings. Similarly, Huawei joined the foldable party with the launch of the Mate X. However, unlike the Galaxy Fold, the Mate X seems to be in pretty short supply. Huawei’s foldable units are reportedly being sold second hand for twice the price owing to limited supplies.
According to a past report, Huawei’s Mate X had sold out within minutes after officially going on sale (being sold for 16,999 Yuan or roughly $2,417). This points to the fact that the device is already a success with the company’s home market. However, the company is still behind shipment as it is struggling to supply the increasing demand. As of today, the Mate X has been completely sold out three times since its official launch.
Editor’s Pick: Huawei MatePad Pro 5G version will launch in Q1 2020
Owing to this explosive popularity, a few owners of the Mate X have decided to resell their devices for hefty prices. In certain cases, the Mate X was seen being sold for twice the original price. The second-hand trading platforms are being flooded with bids as high as 39,000 or even about 50,000 Yuan. Considering the actual price is 16,999 Yuan, it translates to two or even three times the resale value of a device. In other words, a massive profit margin is being made as the device is being circulated online through unofficial channels.
The Chinese tech giant has hit all the right notes with its customers with the Huawei Mate X. Unfortunately, the second-hand trend might lead to some issues regarding future sales or even fake units being used to trick buyers. So for now, readers should be wary of any unofficial sale of the foldable smartphone and are advised to wait for the official sale that will arrive in the near future.
UP NEXT: Richard Yu: Huawei will not enter the field of home appliances
(Via)
