Huawei looks to upstage Apple with product launch just hours after expected iPhone 16 unveiling

Huawei looks to upstage Apple with product launch just hours after expected iPhone 16 unveiling


The Huawei flagship store and the Apple flagship store are seen at Nanjing Road Pedestrian Street in Shanghai, China, September 2, 2024. 

Cfoto | Future Publishing | Getty Images

Huawei said Monday it plans to hold a product launch event this month just hours after Apple‘s annual iPhone reveal as the Chinese technology giant looks to upstage its U.S. rival.

The event will take place on Sept. 10 at 2:30 p.m. Beijing time, Huawei said in a post on Chinese X-like service Weibo on Monday.

That timing would be late evening on Sept. 9 on the west coast of the U.S., where Apple’s event is set to take place.

Apple is expected to unveil its iPhone 16 lineup on the morning of Sept. 9 at its event which features the tagline “It’s Glowtime”.

It’s unclear what Huawei plans to launch at its event. Richard Yu, who heads up Huawei’s consumer and automotive technology group, said the company’s “leading, innovative, and disruptive product is here,” according to a Google translation of his Weibo post on Monday.

“This is an epoch-making product that others have thought of but cannot make,” Yu said.

The executive added that after five years of investment, Huawei has “turned science fiction into reality.”



Source

Why the wealthy can’t find enough people to manage their money
World

Why the wealthy can’t find enough people to manage their money

Family offices are set to grow at a rapid pace as the ultra-rich look for personalized services to handle their wealth. But they are struggling to find money managers.   As of last September, there were 8,030 family offices globally managing $3.1 trillion in assets, according to Deloitte’s recent statistics. By 2030, the number of […]

Read More
Samsung Electronics to acquire heating and cooling solutions provider FläktGroup for 1.5 billion euros
World

Samsung Electronics to acquire heating and cooling solutions provider FläktGroup for 1.5 billion euros

A Samsung Group flag flutters in front of the company’s Seocho building in Seoul.  Sopa Images | Lightrocket | Getty Images Samsung Electronics on Wednesday announced that it would acquire all shares of German-based FläktGroup, a leading heating and cooling solutions provider, for 1.5 billion euros ($1.68 billion) from European investment firm Triton.  Samsung said […]

Read More
CNBC Daily Open: Tame inflation in April banishes stagflation threat for now
World

CNBC Daily Open: Tame inflation in April banishes stagflation threat for now

People shop at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty Images The U.S. Federal Reserve at its May 7 meeting warned that America is facing an increased risk of stagflation — a scenario in which the economy slows or contracts while inflation shoots up — […]

Read More