The tech giant’s Pura X, a foldable smartphone that debuted on Thursday, is the first to run its own operating system in an attempt to develop a competitive alternative to Apple’s iOS and Google’s Android.
TakeAway Points:
- On Thursday, Huawei unveiled the Pura X foldable smartphone, which retails for 7,499 Chinese yuan ($1,037).
- The Pura X’s screen is 6.3 inches when unfurled, yet it boasts a larger screen area than the majority of smartphones available thanks to its 16:10 aspect ratio.
- The most recent iteration of Huawei’s operating system, HarmonyOS 5, is the first to operate on the Pura X.
- Micron’s stock surged 6% after the firm released second-quarter results that above analysts’ projections and provided better-than-expected guidance.
HarmonyOS
When unfolded, the Pura X has a 6.3-inch display, but its 16:10 aspect ratio gives it a wider screen area than most other smartphones on the market. The device folds in half into a compact square and has a 3.5-inch display with a camera at the front.
The Pura X starts at 7,499 Chinese yuan ($1,037).
The device is important for Huawei for two reasons.
Firstly, since the end of 2023, Huawei has seen a revival in its smartphone business in China following U.S. sanctions which had slowed its sales.
Huawei has aggressively launched more unusual devices in an effort to differentiate itself from rivals, including a trifold smartphone.
The Shenzhen-headquartered company also poses a challenge to Apple in China.
Huawei’s market share in the fourth quarter of 2024 rose to 16.2% in China versus 13.7% a year before, according to the International Data Corporation. Apple’s market share declined from 20% to 17.4% over the same period.
The second reason is that the Pura X is the first to run HarmonyOS 5, the latest version of Huawei’s self-developed operating system. It was initially launched in November as HarmonyOS Next and reportedly no longer uses code from the open-source version of Google’s Android operating system.
This is a significant step by Huawei to remove any ties to Google and Android. In 2019, U.S. sanctions forced Google to stop working with Huawei.
The Pura X is also equipped with Xiaoyi, Huawei’s AI assistant which is underpinned by its own artificial intelligence models as well as those developed by DeepSeek.
Micron shares pops up by 6%
Micron shares popped 6% in extended trading Thursday after the company reported second-quarter results that beat analysts’ estimates and offered better-than-expected guidance.
Earnings per share $1.56, adjusted vs. $1.42 expected by LSEG, while revenue $8.05 billion vs. $7.89 billion expected by LSEG
Revenue increased 38% from $5.82 billion during the same period in 2024, Micron said in a press release. The memory and storage solutions company reported net income of $1.58 billion, or $1.41 per share, up from $793 million, or 71 cents per share, in the year-ago quarter.
Data center revenue tripled, the company said.
Revenue for the fiscal third quarter will be about $8.8 billion, Micron said, topping the $8.5 billion average analyst estimate, according to LSEG. Adjusted earnings will be roughly $1.57 a share, the company said, beating the $1.47 average estimate.
Prior to Thursday’s close, Micron shares were up 22% for the year, while the Nasdaq is down more than 8%.
Micron will host its quarterly call with investors at 4:30 p.m. ET.
