"I think what they [Huawei] believe that the trifold can be a unique value proposition and because it is very expensive, they aim to target wealthy individuals who are more keen on showing off they have the money versus having the best experience you can get," Jeronimo said.
Still, even if Huawei were to sell half a million units of the Mate XT, it could generate $1.5 billion in revenue, Jeronimo added.
The Mate XT will be a test of Huawei's appeal outside of China. For one, it will not be using Google's Android operating system, which is the most popular in the world.