Huawei on Tuesday held a global launch for the industry’s first tri-foldable phone, which analysts said marked a symbolic victory for the Chinese tech giant amid U.S. technology curbs. But challenges over pricing, longevity, supply and app constraints may limit its success.

Huawei said at a launch event in Kuala Lumpur that the Huawei Mate XT, first unveiled in China five months ago, will be priced at 3,499 euros ($3,662). Although dubbed a trifold, the phone has three mini-panels and folds only twice. The company says it’s the thinnest foldable phone at 3.6 millimeters (0.14 inches), with a 10.2-inch screen similar to an Apple iPad.