Huawei answers Apple's iPhone 16 with the first trifold phone

Transcript:

Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re staring at on TheStreet nowadays.

It was once a mixed session on Wall Street with bank stocks falling hard after warnings from J.P. Morgan Chase and Goldman Sachs, while tech stocks lifted the rest of the market. Investors look beforehand to a clue on inflation Wednesday with the liberate of the August Consumer Price Index. The report is one in the complete final snapshots ahead of the Federal Reserve’s September meeting, where policymakers are expected to lower interest rates.

Watch ICYMI This Week:

• This strategy may perhaps give protection to your money from market crashes
• Ticketmaster's monopoly explained by a legal expert
• Elon Musk’s advertising problem at X is set to get worse
• Chipotle wants you to dress up like a burrito for Halloween

In other places within the business world…it’s the battle of the AI phone debuts. Just hours after Apple took the wraps off its new AI-powered iPhone sixteen lineup, Huawei is bringing the competitive heat. The Chinese phone maker revealed a tri-fold phone with a price tag to examine. The super high-end phone will cost about 2800 U.S. dollars. The biggest and most costly iPhone, the Pro Max, is on hand in at roughly 1200 bucks.

Huawei’s Mate XT has been five years within the making and is on the innovative of screen technology and hinge functionality. When all three panels are unhinged the phone boasts a 10.2 inch screen, while both-panel display clocks in at 7.9 inches. As when put next, the new Pro Max has a 6.9 inch screen.

Huawei’s AI features go head-to-head with Apple’s. Based on Engadget, there’s “a voice input function that would polish and translate a transcript. There’s the technique to have a chatbot open on one side of the screen to reply to questions and summarize articles. There’s an AI photo-editing tool too.”

The battle lines are set. Huawei has been stealing market share from Apple inside of China, the area’s biggest smartphone market. Meanwhile, Apple has the home advantage at some stage in the U.S. since a government ban on Huawei devices means the Mate XT won’t be readily on hand here.

That’ll do it to your On day by day basis Briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.

Related: Apple's new iPhones are built for AI