It's not a real phone. But how do you think it might be made using existing technology?
http://www.pomegranatephone.com
Aside from the actual phone itself, my money's on carbon nanotube components in a layered configuration:
|1|2|3|
1. Phone 2, 3. CNT components.
But the manufacture time for CNT components would probably be too long to be practical.
That's an interesting looking phone. I never really cared that much for flashy phones that had a billion apps though; I only need a phone that has a good plan and gets good reception. Like this:

"I'd shush her zephyr." ~ Zephyr.
I have an HTC Kaiser. Personally, I wouldn't buy that concept phone if it were real though. Brewing a coffee or shaving with it would probably drain the battery pretty sharpish.