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The phone has a 4.6-inch smartphone screen which opens up to a 7.3-inch AMOLED Infinity Flex display.

Huawei "Mate X" is a 5G-enabled foldable smartphone that costs 2,299 euros whereas Samsung kept the option of 5G capability in its $2,000 4G "Galaxy Fold" which could be put to use as and when 5G rolls out. Samsung stated it expects to launch the Galaxy Fold on April 26.

"No matter how innovative and technology advanced the new device is, it will take a lot more time for a critical mass of consumers to experience the benefits of foldable phones and 5G technology", said Thomas Husson, an analyst at Forrester. Galaxy Fold and Mate X 5G come with 12GB and 8GB RAM, respectively. As Samsung and Apple (ticker: AAPL) lose market share to low-priced rivals Huawei and OPPO, both are reconsidering their pricing strategies. Xiaomi and Samsung have already showcased "foldables", with Samsung already presenting their Galaxy Fold (which will sell at an eye-popping price of 1,980.00 USA dollars) and Xiaomi showing a prototype folding tablet, which can also be used as a phone.

Huawei praised the design of the Mate X heavily, emphasizing that unlike competitors, the company didn't have to turn to gimmicks like camera notches, which in turn leads to increased screen estate. The offer ends when the phones officially go on sale, so you have to hurry. That was really the biggest down point of the Galaxy Fold, making the device look really odd when folded. Samsung will offer a version with 4G and a version with 5G.

The Huawei launch drew huge crowds.

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Of course MWC2019 will see the companies such as Samsung, Huawei and Nokia present 5G phones with 2019 looking as if it could be the year of foldable devices.

There's also the fact that Samsung says the Fold is tested for 200,000 folds, or 100 folds a day for five years, while Huawei is just rating it for 100,000 folds.

LG has yet to reveal the full cost or release date of them, but did disclose other specifications including as 5G network compatibility and three rear cameras.

One thing Huawei didn't mention at the event were the recent U.S. accusations over security.

"This is not something that should be decided by politics", Huawei's chairman Guo Ping said on Sunday, ahead of the formal start of Mobile World Congress. Also, it has Kirin 980, the latest processor from the Chinese producer.