Honor CEO takes aim at iPhone in China with foldable phone
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The absence of a foldable phone in Apple Inc.'s portfolio is creating an opening for rivals to overtake the iPhone maker, according to Honor Device Co.'s chief executive officer.The Shenzhen-based firm on Wednesday rolled out its latest foldable device, the Magic V2, which measures less than 10mm thick. The phone has a regular glass display comparable to the iPhone 14 Pro on its exterior and a 7.92-inch foldable OLED screen on the inside. The Magic V2 starts at 8,999 yuan ($1,254.5) in China, the same price as the iPhone 14 Pro Max. “The product has only one targeted competitor — Apple's topmost flagship phones,” Honor CEO George Zhao said in an interview ahead of the unveiling. “As strong as Apple is, it can't fulfill all demands from consumers.”Honor, once a sub-brand of Huawei...