Huawei unveils folding smartphone with an 8-inch-wide screen - Fox Business

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sanctions, Huawei unveiled a folding smartphone with an 8-inch (20-centimeter) -wide screen Monday to show off its tech prowess but said it will be sold only in China.

The phone offers “a truly immersive experience,” the president of Huawei’s consumer unit, Richard Yu, said at a launch event broadcast online.

Huawei sold its budget-priced Honor smartphone brand in November to focus resources on higher-end models.

sanctions, Huawei unveiled a folding smartphone with an 8-inch (20-centimeter) -wide screen Monday to show off its tech prowess but said it will be sold only in China.

Executives said earlier Huawei stockpiled chips and other components in preparation for a possible U.S.

Without Google music and other services preinstalled, Huawei’s smartphone sales, including Honor, fell 22% last year to 188.5 million, according to Canalys.

Huawei said revenue for the first nine months of 2020 rose 9.9% to 671.3 billion yuan ($100.4 billion).

Market data provided by Factset.

Mutual Fund and ETF data provided by Refinitiv Lipper