Huawei

[Guest]

As if Apple (+1.84%) didn’t have enough headaches already with Animojis demanding better snacks in the office, one of its biggest competitors in China just introduced a new phone to do battle with the iPhone.

Huawei, the third-largest smartphone maker in the world, unveiled the Mate 10, a top-of-the-line handheld device that features most of the iPhone X’s bells and whistles (AI and OLED display, to name a few) but at a lower price point ($826 compared to $999). 

The Mate 10 will help Huawei and its hometown mates (Vivo, Oppo, Xiaomi) continue hacking away at Apple’s Chinese presence. Its market share in the country is draining faster than your iPhone’s battery on Bluetooth (down to 10% from 14% two years ago), and its sales in Greater China fell 12% in Q4 2016.

Next stop for Huawei? The U.S.—to take on the Cupertino giant on its home turf.