Huawei’s new tri-foldable smartphone has ignited nationalistic pride in China with social media abuzz with what supporters see as its ability to out-innovate Apple despite U.S. sanctions – even if many are balking at the phone’s $2,800 price tag. The Chinese technology giant unveiled its Mate XT, the industry’s first tri-foldable phone, on Tuesday just hours after Apple introduced its artificial intelligence-enhanced iPhone 16 lineup. Both the Mate XT and iPhone 16 will go on sale on Sept. 20, though the Mate XT is expected to be available only in China.