Huawei foldable 5G phone
Huawei Technologies Co. announced a smartphone that unfolds into a small tablet computer, potentially rendering the need to carry 2 separate devices outdated.
The Mate X supports next-generation 5G networks and will cost 2,299 euros ($2,606) when released in the summer. It’s the second folding phone announced by a major manufacturer within a week. Samsung revealed the Galaxy Fold on Wednesday.
Huawei Consumer Group Chief Executive Officer Richard Yu said “We’ve been working on this folding screen hinge for three years”. “It’s very expensive, but there’s lots of new technology here.”
The market for smartphones is slowing, and manufacturers are scrambling to find new ways to convince consumers they should upgrade their devices. Next-generation high-speed networks are still a far away from mainstream availability, so device makers are looking at new device form factors to summon up excitement.
But they come at a cost. Huawei’s 2,299-euro price tag is only slightly steeper than Samsung’s Galaxy Fold, which will cost 2,000 euros when it’s released later this year. With premium mobile phones already costing well over $1,000 a piece, customers have been turning to cheaper alternatives, often made by lesser-known companies.
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