China's Huawei Technologies has started presales for its high-end Mate 60 Pro+ smartphone, adding to its lineup of devices that have gained attention for the company's resilience against U.S. sanctions.
It is the third member of the Mate 60 family. According to various media reports, the new phone will come with 16 GB of RAM and will offer two storage options: 512 GB or a whopping 1 TB.
The starting price for the Mate 60 Pro+ is rumored to be CNY8,999, which translates to approximately $1,231 or €1,150. The company began accepting orders for the Mate 60 Pro+ on its official online store with delivery expected by October 9.
The phone is touted to be capable of linking up to two satellites concurrently and offers larger internal storage compared to the Mate 60 Pro.
Speed tests conducted by buyers on Chinese social media have shown that the Mate 60 Pro+ can achieve download speeds exceeding those of top-line 5G phones.
Huawei also launched the Huawei Mate X5, a new addition to its foldable phone series.
Apple (NASDAQ:AAPL) stock is under increasing pressure in recent days due to the potential China government ban on iPhone use within government agencies, as well as new smartphone launches from Huawei.
“Apple's -6% stock move in the last 2 trading days looks unwarranted relative to the 4% revenue and 3% EPS downside (~20c) we see if Apple were to cede all of the share it has gained from Huawei in the high end ($500+ ASP) Chinese smartphone market over the last 3 years, or about 18M units (~40% of Apple's T12M China iPhone shipments),” Morgan Stanley analysts wrote in a note.
China accounts for approximately 19% of Apple's revenue.