Huawei unveils a $2,600 5G folding phone

China’s Huawei unveiled the Mate X, a $2,600 5G folding-screen phone, on Sunday at the Mobile World Congress in Barcelona, challenging Samsung's new bendable device and the consumer threshold of pricey mobile phones, the AP reports.

The big picture: Huawei is pushing premium products in Europe and at home in China as it remains unlikely that their phones will be sold in U.S. anytime soon due to trade and security concerns.

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