Huawei Launches New $2,600 Foldable 5G Phone to Rival Samsung

  • Mate X has a 6.6-inch display, larger than the iPhone XS Max
  • Market for smartphones is slowing, products getting pricier
The Mate X foldable 5G device is unveiled on Feb. 24Photographer: Stefan Wermuth/Bloomberg
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Huawei Technologies Co. announced a smartphone that unfolds into a small tablet computer, potentially rendering the need to carry two separate devices obsolete.

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.