Huawei unveiled the Mate XT Ultimate last week as the world’s first tri-folding smartphone. It is currently China-exclusive, and Huawei was expected to ship 500,000 units of the phone this year. However, popular analyst Ming-Chi Kuo’s survey shows the forecast for the Mate XT Ultimate has been revised from 500,000 units to 1 million for 2024.

That’s surprising considering the Huawei Mate XT Ultimate’s eye-watering base price of CNY19,999, which translates to $2,830/€2,535/INR236,910 at current exchange rates.

It also remains to be seen whether this initial demand for the Huawei Mate…

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