Honor on italiae video sexThursday launched its first flip foldable phone, the Magic V Flip, as the Chinese phone maker aims to intensify its competition in the high-end foldable market against leading players such as Samsung and its former parent company Huawei. The Magic V Flip features a 4-inch cover screen, Snapdragon 8 Gen 1 processor, a 50MP main camera with a Sony IMX906 sensor, and 66W fast charging. The new device combines an innovative flip design with high-speed performance, appealing to users seeking convenience in a compact, fashionable form, the company claimed. Currently, the Magic V Flip is only available in China, with a starting price of RMB 4,999 ($689). In the first quarter, Honor led China’s smartphone market with a 17.1% market share, according to market intelligence firm IDC. [Honor Weibo, in Chinese]