Honor CEO Aims to Topple Apple in China With Foldable Phone

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A sign advertises the Honor Magic V foldable phone at one of the smartphone-maker's stores in Shanghai on Oct 13. Photo: VCG

(Bloomberg) — 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. Ltd.’s chief executive officer.

The Shenzhen-based firm on Wednesday rolled out its latest foldable device, the Magic V2, which measures in at less than 10 millimeters 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.