Part 5/10:
Despite the initial excitement, market performance has been lackluster. Reports indicate that in 2024, the overall foldable smartphone market experienced a drastic decline, with Huawei's Mate XT falling short of sales expectations. Although Huawei led the foldable sector with a 51% market share in China, the Mate XT itself could not compete with older models, such as the dual-fold Mate X5, which continues to outperform it in sales. The Mate XT ranked fifth among foldables, with estimated sales of only 280,000 units— approximately one-tenth of its predecessor.