Huawei may not have enough supply. Apple may not have enough demand.

Many of Apple’s affluent iPhone users in China are just as interested in Huawei’s pricier trifold phone, CNBC found during spot checks at stores Friday, the day the iPhone 16 and Mate XT launched in the country.

Pictured here is an Apple flagship store in Beijing, China, on the day of the iPhone 16 launch on Sept. 20, 2024. Many Apple iPhone users in China are just as interested in Huawei's pricier trifold phone,

China's Huawei Technologies on Tuesday unveiled a $2,800 tri-foldable phone as it seeks to extend its lead in the world's biggest smartphone market and steal the spotlight from Apple hours after it debuted a new iPhone.

Here's Huawei's very first tri-fold smartphone in the middle of (un)folding. It's coming on September 10, in case you're wondering.