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The mobile industry had a brutal 2018, with the first decline that the smartphone market has ever seen.
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But attendees here in Barcelona for Mobile World Congress have arrived with a new spirit of enthusiasm.
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Bolstered by the roll out of new 5G networks and the introduction of a brand new innovation in smartphones: folding devices.
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The first company to unveil this new folding screen technology was a start-up called Royale.
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But just a few weeks later, we've seen two of the three biggest smartphone companies in the world: Huawei and Samsung.
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Unveil their own versions of this breakthrough new technology.
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Foldable is obviously a new era of us bringing technology to life in a very different way.
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I think the market needs it.
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I think people have become slightly apathetic about the same form factor over the same of a number of years.
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So this is really exciting.
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A new era of how we interact with technology.
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The foldable phone obviously offers a completely new experience.
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Once you open it up, you've got a very large screen.
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And maybe even, in time, it might replace the need to have a tablet.
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Who knows?
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But again, the first generation of many to come, no doubt.
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For now, a lot of that excitement about foldable phones has been locked behind a case like this one.
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Because while Samsung and Huawei have put plenty of advertising and marketing behind their new folding devices, they're not letting most attendees here in Barcelona actually touch one.
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That has raised questions not only about the usability and the readiness of the technology, but also how they can possibly expect to persuade people to pay as much as $2,000.
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Or even more to get hold of one of the first generations of these new devices.
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We need a bit more storytelling.
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We need a bit more companies really showing us what the opportunity is.
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From a price point perspective, you're hitting a very specific market, right?
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It's either first adopters of technology or people that want a status symbol.
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And I think that's where you're going.
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Mass market consumers don't have either the means or the willingness to spend that much money and then figure out what they're going to do with it.
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Snap to your face.
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OK.
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For $1,000 more than Huawei's folding smartphone, you could buy Microsoft's new HoloLens 2.
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Which some people in the industry believe is a more ambitious vision for the future of computing.
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It's a little bit like The Crystal Maze.
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So I have another dotted line with a hand that's showing me that I want to pop it in here.
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Congratulations.
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Guide complete.
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I can now build the jet engine, right?
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You qualified.
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For now, Microsoft is only pitching the HoloLens at industrial and corporate customers rather than regular consumers.
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But equally, it could be many years before a folding smartphone is affordable enough for the mass market.
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After years of smartphone copycats and a fixation on a boring black rectangle, at least this year at Mobile World Congress, there is a new spirit of experimentation in the air.