Huawei Introduces its Mate X Single-Screen Foldable Phone

Shortly after Samsung revealed its Galaxy Fold, a foldable smartphone, Huawei Technologies introduced its competing device, Mate X, at MWC Barcelona (Mobile World Congress). Huawei’s foldable phone features one wide screen that folds in half. Similar to Samsung’s Galaxy Fold, Mate X will function both folded and unfolded, run multiple apps simultaneously and be compatible with 5G networks. It also features a high price point: €2,299, or about $2,600, which is more than one-third higher than the $1,980 Galaxy Fold. Continue reading Huawei Introduces its Mate X Single-Screen Foldable Phone

Apple Among Those Impacted by Slowing Chinese Economy

Apple stock slumped 10 percent last Thursday to $142.19, the company’s biggest single-day percentage drop in almost six years, erasing $74.65 billion from its market value. That came after Apple chief executive Tim Cook warned that China’s economic slump is responsible for slowed-down iPhone sales in the past quarter. China’s wobbling consumer confidence is impacting the entire world economy, however, and Apple has problems beyond China. In India, it’s reaping a mere 1 percent of overall smartphone sales. Continue reading Apple Among Those Impacted by Slowing Chinese Economy