Honor Device

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…

…

Apple Inc.’s AAPL -1.60% latest iPhones drew favorable interest in China after it decided not to raise some prices, but the company faces challenges in one of its most important markets from local rivals. Smartphone fans throughout Asia stayed up until their wee hours to watch as Apple showed off its iPhone 14 models Wednesday in Cupertino, Calif. Many analysts expected the company to use its annual September product introduction as an occasion to raise prices across…