Huawei has officially introduced the world’s first phone with two folding mechanisms and three screens, a device that is as expensive as expected. Prices in China for the Mate XT Ultimate Design model start at 19,999 yuan (about $2,809) for the 256GB version, which is about $300 more than a new 16-inch MacBook Pro. This model is part of Huawei’s “Ultimate Design” line, which is known for luxurious and innovative products.

The Mate XT has a dual Z-fold design that allows for use in a variety of formats. The OLED screen is 6.4 inches when closed like a traditional device, while when fully opened, it expands to 10.2 inches offering a tablet-like experience. The device can also be used in a smaller 7.9-inch configuration when not fully opened.

The phone has a 5,600mAh battery and supports 66W wired and 50W wireless charging. There’s also a triple camera system on the back, including a 50-megapixel main camera, a 12-megapixel ultra-wide-angle camera, and a 12-megapixel periscope camera. For selfies, there is an 8-megapixel camera positioned on the left display when the device is fully open.

The phone was first launched in China and the price starts at 19,999 yuan (about $2,809) for the model with 256GB of internal memory, making it more expensive than a 16-inch MacBook Pro. Also, higher-capacity models are available for 21,999 yuan (about $3,089) for 512GB and 23,999 yuan (about $3,370) for 1TB.

Due to the high price and new innovation, the Mate XT is expected to be a strong competitor in the market, especially with other foldable phones such as the Galaxy Z Fold series from Samsung. Also, other brands like Xiaomi and Oppo are developing similar versions of phones with three foldable screens.

At the moment, there is no clear information about the Mate XT’s availability outside of China, but it is expected that Huawei will provide more details soon for interested buyers outside of China.