Huawei breaks price ceiling with $2,600 folding 5G smartphone

Richard Yu, CEO of Huawei Consumer Business Group, presents the new ner of X-smartphone ahead of the Mobile World Congress (MWC 19) in Barcelona, Spain, February 24, 2019. REUTERS/Sergio Perez

BARCELONA, Spain (Reuters) – Huawei Technologies unveiled a $2,600 foldable smartphones on the Sunday that it said was ready for the next generation 5G mobile connections, even if the United States campaigns to the Chinese company of such networks over security concerns.

Huawei, the world’s second largest smartphone seller after Samsung, said it had taken the lead in developing phones for 5G – the promise of super fast internet speeds for consumers and businesses – because it was also involved in the development of the networks.

“This phone is not only for today, for 5G but also for future 5G. On all the benchmarks you see the performance, the speed is the fastest for 5G in the world,” said Richard Yu, head of Huawei consumer business group.

Speaking ahead of the mobile industry’s biggest global event, which kicks of on Monday in Barcelona, Yu said that the Huawei Mate X has two back-to-back screens that unfold to an eight-inch tablet on the display.

Yu said the Helmsman X would be able to download a 1 gigabyte movie in three seconds, but also be priced at 2,299 euro ($2,607) when it goes on sale later this year, setting a new upper limit for consumer smartphones.

Samsung Electronics Co Ltd last week unveiled its own foldable smartphone, priced at nearly $2,000, in an attempt to get to the top of the technology from Apple Inc and Chinese rivals and re-start consumer interest amid falling sales. [USN]

Huawei, which is also the world’s biggest producer of telecom equipment, under intensive control in the West over the US-led accusations of the turn of the Chinese state espionage, allegations which the company denies.

Huawei’s president said on Sunday recent remarks of the US President Donald Trump that the U.S. needed to get ahead in the mobile communication by means of competition instead of looking to block technology was “clear and correct”. [L5N20J0EI]

($1 = 0.8818 euros)

Reporting by Jack Stubbs and Doug Busvine; Editing by Paul Sandle

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