Huawei trifold phones being flipped for $7,000 even before release

GUANGZHOU — Huawei Technologies' new triple-A smartphone set to go on sale Friday is selling for double the price on online markets ahead of its release as Chinese tech fans clamber to get their hands on the hard-to-find. manufactures the device.

Pre-orders for the Mate XT on Huawei's homepage alone surpassed 5 million as of Wednesday afternoon. A sales representative at a Huawei store in Guangzhou said it will be available there as early as February or March.

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