Honor released its Magic V2 foldable on July 12, 2023, starting with the China market.
Honor
BEIJING — On Chinese e-commerce site JD.com’s “hot sales” smartphone rankings this week, the Honor Magic V2 foldable vies with Apple iPhone models for the top three spots.
Honor, spun off from Huawei, launched its Magic V2 on July 12 with a starting price of 8,999 yuan ($1,245).
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Sales officially began Thursday. But a week of pre-sale demand has pushed delivery times for new orders to mid-September, according to JD.com’s app, a commonly used platform for buying electronics in China.
The Magic V2’s 9,999-yuan model ranked second in popularity among JD.com smartphone sales as of Thursday morning, while a 7,799-yuan Apple iPhone 14 Pro ranked first. The iPhone 13 held third place.
Honor’s new device folds up to be nearly as thin as an iPhone — 9.9 millimeters versus the 14’s 7.85 millimeters, without a case. That means the Magic V2 is about three-eighths of an inch thick when folded.
Importantly, the foldable phone was able to balance thinness with “reasonable battery life,” saidEthan Qi, associate director at Counterpoint Research. “From my perspective, the biggest highlights [for the phone] are the industry’s thinnest body (9.9mm) and lowest weight (231g).”
Honor claims the Magic V2’s battery is just 2.72 millimeters thick and can support about 14 hours of video watching on the phone’s unfolded large screen. The iPhone 14 claims about 20-30 hours of video watching on a single battery charge, depending on the bar phone model.
“The Magic V2’s pre-sales figures in China are a positive indicator and shows the resilience of the premium segment, which bodes well for foldables growth in the country,” Qi said.
“The premium segment is not very big, but it’s the segment everyone wants to win.”
Samsung is set to release “slimmer and lighter” foldables at a July 26 event, according to a blog post tease. The company is also promoting that “Join the Flip Side” launch event livestream in China.
Samsung’s Galaxy Z Fold4 sells for 10,999 yuan on JD.com, while its Galaxy Z Flip3, which opens up like a flip phone, lists a price of 4,699 yuan.
Huawei, Xiaomi and Vivo also sell foldables in China in a premium price range.
Pocket of growth in smartphone slump
Foldables are a bright spot in a shrinking global smartphone market.
In the first quarter, China’s foldable market more than doubled from a year ago to 1.08 million units, according to Counterpoint Research.
That helped boost the global foldable smartphone market, with 64% year-on-year growth in the first quarter, Counterpoint said.
In contrast, the global smartphone market fell by 14.2% in the first three months of the year, and China’s fell by a milder 8%, the data showed.
In China, Honor is selling across major e-commerce platforms, including Douyin, the local version of TikTok that’s becoming a growing portal for selling via livestreams.
As of Thursday morning, Honor had sold more than 10,000 Magic V2 units on Douyin.
Livestreaming has become a growing portal for sales in China. The country’s livestreaming sales reached about 17.7% of overall online retail sales in the first half of the year, or about $180 billion, according to Ministry of Commerce data released Thursday.
Honor also sells its phones on Alibaba’s Tmall e-commerce platform and the Kuaishou short video app. Both platforms, as well as JD, support livestreaming sales.
The smartphone company was previously a brand under Huawei. But after U.S. sanctions on the telecommunications giant, Honor was sold to a group of buyers that included the government of Shenzhen, where the company’s headquarters are.
— CNBC’s Arjun Kharpal contributed to this report.
Inside a secretive set of buildings in Santa Barbara, California, scientists at Alphabet are working on one of the company’s most ambitious bets yet. They’re attempting to develop the world’s most advanced quantum computers.
“In the future, quantum and AI, they could really complement each other back and forth,” said Julian Kelly, director of hardware at Google Quantum AI.
Google has been viewed by many as late to the generative AI boom, because OpenAI broke into the mainstream first with ChatGPT in late 2022.
Late last year, Google made clear that it wouldn’t be caught on the backfoot again. The company unveiled a breakthrough quantum computing chip called Willow, which it says can solve a benchmark problem unimaginably faster than what’s possible with a classical computer, and demonstrated that adding more quantum bits to the chip reduced errors exponentially.
“That’s a milestone for the field,” said John Preskill, director of the Caltech Institute for Quantum Information and Matter. “We’ve been wanting to see that for quite a while.”
Willow may now give Google a chance to take the lead in the next technological era. It also could be a way to turn research into a commercial opportunity, especially as AI hits a data wall. Leading AI models are running out of high-quality data to train on after already scraping much of the data on the internet.
“One of the potential applications that you can think of for a quantum computer is generating new and novel data,” said Kelly.
He uses the example of AlphaFold, an AI model developed by Google DeepMind that helps scientists study protein structures. Its creators won the 2024 Nobel Prize in Chemistry.
“[AlphaFold] trains on data that’s informed by quantum mechanics, but that’s actually not that common,” said Kelly. “So a thing that a quantum computer could do is generate data that AI could then be trained on in order to give it a little more information about how quantum mechanics works.”
Kelly has said that he believes Google is only about five years away from a breakout, practical application that can only be solved on a quantum computer. But for Google to win the next big platform shift, it would have to turn a breakthrough into a business.
An attendee wearing a Super Mario costume uses a Nintendo Switch 2 game console while playing a video game during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025.
Isabel Infantes | Reuters
Nintendo on Friday announced that retail preorder for its Nintendo Switch 2 gaming system will begin on April 24 starting at $449.99.
Preorders for the hotly anticipated console were initially slated for April 9, but Nintendo delayed the date to assess the impact of the far-reaching, aggressive “reciprocal” tariffs that President Donald Trump announced earlier this month.
Most electronics companies, including Nintendo, manufacture their products in Asia. Nintendo’s Switch 1 consoles were made in China and Vietnam, Reuters reported in 2019. Trump has imposed a 145% tariff rate on China and a 10% rate on Vietnam. The latter is down from 46%, after he instituted a 90-day pause to allow for negotiations.
Nintendo said Friday that the Switch 2 will cost $449.99 in the U.S., which is the same price the company first announced on April 2.
“We apologize for the retail pre-order delay, and hope this reduces some of the uncertainty our consumers may be experiencing,” Nintendo said in a statement. “We thank our customers for their patience, and we share their excitement to experience Nintendo Switch 2 starting June 5, 2025.”
The Nintendo Switch 2 and “Mario Kart World“ bundle will cost $499.99, the digital version “Mario Kart World” will cost $79.99 and the digital version of “Donkey Kong Bananza” will cost $69.99, Nintendo said. All of those prices remain unchanged from the company’s initial announcement.
However, accessories for the Nintendo Switch 2 will “experience price adjustments,” the company said, and other future changes in costs are possible for “any Nintendo product.”
It will cost gamers $10 more to by the dock set, $1 more to buy the controller strap and $5 more to buy most other accessories, for instance.
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn.
Victor J. Blue/Bloomberg via Getty Images
Etsy is trying to make it easier for shoppers to purchase products from local merchants and avoid the extra cost of imports as President Donald Trump’s sweeping tariffs raise concerns about soaring prices.
In a post to Etsy’s website on Thursday, CEO Josh Silverman said the company is “surfacing new ways for buyers to discover businesses in their countries” via shopping pages and by featuring local sellers on its website and app.
“While we continue to nurture and enable cross-border trade on Etsy, we understand that people are increasingly interested in shopping domestically,” Silverman said.
Etsy operates an online marketplace that connects buyers and sellers with mostly artisanal and handcrafted goods. The site, which had 5.6 million active sellers as of the end of December, competes with e-commerce juggernaut Amazon, as well as newer entrants that have ties to China like Temu, Shein and TikTok Shop.
By highlighting local sellers, Etsy could relieve some shoppers from having to pay higher prices induced by President Trump’s widespread tariffs on trade partners. Trump has imposed tariffs on most foreign countries, with China facing a rate of 145%, and other nations facing 10% rates after he instituted a 90-day pause to allow for negotiations. Trump also signed an executive order that will end the de minimis provision, a loophole for low-value shipments often used by online businesses, on May 2.
Temu and Shein have already announced they plan to raise prices late next week in response to the tariffs. Sellers on Amazon’s third-party marketplace, many of whom source their products from China, have said they’re considering raising prices.
Silverman said Etsy has provided guidance for its sellers to help them “run their businesses with as little disruption as possible” in the wake of tariffs and changes to the de minimis exemption.
Before Trump’s “Liberation Day” tariffs took effect, Silverman said on the company’s fourth-quarter earnings call in late February that he expects Etsy to benefit from the tariffs and de minimis restrictions because it “has much less dependence on products coming in from China.”
“We’re doing whatever work we can do to anticipate and prepare for come what may,” Silverman said at the time. “In general, though, I think Etsy will be more resilient than many of our competitors in these situations.”
Still, American shoppers may face higher prices on Etsy as U.S. businesses that source their products or components from China pass some of those costs on to consumers.
Etsy shares are down 17% this year, slightly more than the Nasdaq.