Huawei on Tuesday held a global launch for the industry’s first tri-foldable phone, which analysts said marked a symbolic victory for the Chinese tech giant amid U.S. technology curbs. But challenges over pricing,

Huawei’s trifold Mate XT phone is launching outside of China, but it won’t come cheap. The world’s first and only phone that folds at two separate points in the display costs €3,499 (about $3,660) — and like other Huawei phones, won’t officially support any Google apps.