Samsung is reportedly planning to release a more affordable foldable smartphone next year, at a price point half of the current models, according to a new report from a well-known leaker. This would make the high-end technology more accessible to a wider range of consumers, as upgrading to foldable smartphones is currently an expensive endeavor.
The upcoming foldables from Samsung will allegedly cost between $400 and $500, which is 50 percent cheaper than the current Galaxy Z Flip and Galaxy Z Fold. It is also rumored that these new devices will sacrifice some features to fit into the mid-range smartphone category. An official name for these new foldables has not yet been revealed.
It remains to be seen if other companies will release foldable smartphones at a similar lower price point, but Samsung’s move may shake up the industry for the better. The company is aiming to make foldable technology more accessible and attract a broader customer base to experience the future of smartphone design.
Samsung’s aggressive pricing could mark a significant shift in the foldable smartphone market, which has so far been considered a niche. Other tech giants, including Xiaomi, OnePlus, Oppo, and Google, have embraced foldable technology in their own devices, signaling that the industry is moving toward a new standard.
The much-anticipated lower price point for foldable smartphones is expected to make its debut in late 2024. Samsung’s move could pave the way for the mass adoption of foldable technology in the years to come, expanding the market and making this cutting-edge technology more accessible to consumers.
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