Sure, it’s expensive, but in exchange you get a phone that unfolds like a napkin. | Image: Huawei

After weeks of teasing, Huawei has officially launched the world’s first dual-hinged, triple-screen foldable phone and it’s just as expensive as we feared. In China, prices for the Mate XT Ultimate Design start at 19,999 yuan (about $2,809) for the 256GB storage model — that’s roughly $300 more than a brand-new 16-inch MacBook Pro.

All models are equipped with 16GB of RAM, and two additional storage variants are available that cost 21,999 yuan (about $3,089) for 512GB and 23,999 yuan (about $3,370) for 1TB. Chinese retailer Vmall reported 3.7 million preorders before pricing was announced.

The Mate XT features an inverse dual-hinge design that folds in a “Z” shape, allowing it to be used in a variety of formats. The OLED display measures…

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