Huawei seeks to steal spotlight from Apple with launch of $2,800 tri-fold smartphone

China’s Huawei Technologies on Tuesday unveiled a $2,800 tri-foldable phone as it seeks to extend its lead in the world’s biggest smartphone market and steal the spotlight from Apple hours after it debuted a new iPhone.

The Chinese tech giant showed off its new Mate XT, which users can fold three ways like an accordion screen door, during a launch ceremony in the southern tech hub of Shenzhen.