Why is the Huawei Mate XT smartphone valued at over $100K?

By Phong Ngo January 3, 2025 | 02:10 am PT

The Huawei Mate XT, the world’s first tri-fold smartphone, has been customized by Caviar, renowned for its luxury tech devices, with a bespoke 18k gold body and is priced at US$100,000.

The solid gold phone weighs one kilogram, and was designed for a wealthy client in the U.S., according to Phone Arena.

Caviar's $100,000 Huawei Mate XT Ultimate features an 18k gold body. Photo from X/Twitter

Despite its absence on Caviar's website, this high-priced model, the Huawei Mate XT Ultimate, showcases its luxurious gold design. CNN noted that the device was released in September 2024, just hours after Apple introduced the iPhone 16.

Huawei Mate XT. Photo courtesy of Huawei

The phone features three distinct panels with a total of 10.2 inches of screen, and offers red and black color options.

First released in China at a starting price of around $2,800, it drew instant attention, amassing 1.3 million pre-orders within seven hours, according to Nikkei Asia. Shenzhen-based Huawei soon plans to launch the phone internationally.