Chinese tech giant Huawei has held a global launch for the industry’s first tri-foldable phone.

The decision could help Huawei get its smartphone business, among the biggest in the world, back on track. While it remains unclear which US companies will be allowed to sell to Huawei, analysts say the most important supplier for the company's smartphone business right now is Google. Roughly half of Huawei's smartphone sales last year came from outside China, according to research firms Canalys and IDC. Existing Huawei smartphones, which still have access to Google systems and software updates, could also be losing their resale value in key markets. Even if the company is able to buy all the US tech and software needed for its smartphone business, the US-led pressure campaign against Huawei will have lasting effects.