Huawei on Tuesday held a global launch for the industry’s first tri-foldable phone. 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 $3662. Although dubbed a trifold, the phone has three mini-panels and folds only twice.