Chinese tech giants Xiaomi and Huawei rolled out their latest foldable phones, the Xiaomi 18 Fold and Mate XT2 respectively, on Monday. This move comes ahead of Apple's rumored first foldable iPhone unveiling at an event on Wednesday. Analysts believe there is significant pent-up demand for a foldable iPhone, with Counterpoint Research projecting Apple could capture 25% of the global foldable market this year.