Updated

Chinese tech giants Xiaomi and Huawei launched new foldable smartphones in an effort to get ahead of Apple, which is rumored to unveil its first foldable iPhone at an upcoming product event. The race highlights intensifying competition in the premium foldable smartphone segment. The move by the Chinese manufacturers is seen as a preemptive strike to capture market share before Apple's anticipated entry into the foldable category, a segment that has so far been dominated by Samsung and Chinese rivals.