However, he did hint that the pricing of foldable phones could decrease in the near future as the technology becomes more widely adopted.
"Security concerns about Huawei's 5G kit are a shadow hanging over the whole of this year's Mobile World Congress", commented the BBC's technology correspondent Rory Cellan-Jones.
Hot on the heels of the reveal of Samsung's Galaxy Fold, Huawei announced its foldable display smartphone, the Mate X. That's a huge jump up from the 4.6-inch exterior cover screen on the Galaxy Fold, which is the only screen you can use when Samsung's bendy phone is closed. However, when unfolded it creates a combined 8-inch display.
Look, no big ugly bezels!
You might have deduced at this point that when you fold up the phone the two resulting screens aren't symmetrical.
What is remarkable about the Mate X's design is just how thin Huawei has managed to make it: The unfolded parts of the phone come in at a mere 5.4mm which is thinner than nearly any other phone today, and also much thinner than what Samsung was able to achieve in the Galaxy Fold. With the Samsung coming in at a hefty $2,000, though, it's not hard to imagine Huawei's phone being similarly expensive.
"With this we want to bring you a almost borderless experience", said Richard Yu, CEO of Huawei Consumer Business Group on stage this morning. The device has what the company is calling a "Falcon Wing Mechanical Hinge".
Samsung Galaxy S10 Can Hide the Camera Cutout and Bring Back Huge Bezels
Huawei Mate X - Folded. There is no audio jack but there is a USB type-c port.
Instead of adding cameras on all sides of the device like Samsung, Huawei's clever design has allowed it to use single set of cameras for both front and back. Think of it like a rolled-up magazine. Let's get the biggest issue out of the way first: The Mate X costs $2,600 (€2,299). It has dual SIM support (nano only) but only SIM 1 supports 5G. It also has 8GB of RAM and come with 512GB internal memory. The Mate X will also support Huawei's 55W fast charger which can top up the phone up to 85 percent in just half an hour.
2019 is the year of the foldable phone, and so far we've already seen devices from Royole and Samsung.
It's hard to convey just how cool-looking the Mate X is.
It's a claim that Huawei has flatly denied. On close inspection, there is a button that is pressed to "pop" the screens apart when they are in phone mode, then the phone can be folded apart and made into a tablet. Two apps can be browsed and used at the same time when it large-screen mode.
The Huawei Mate X is another standout piece of innovation and so is the asking price for this foldable smartphone.
Here's what you need to know about the Huawei Mate X.