Samsung is reportedly planning to release a more affordable foldable phone to add to its lineup.
According to a report by TrendForce, the new device is set to debut in 2024 as a mid-range foldable smartphone, in response to growing competition in the foldable phone market.
This move comes as Samsung is currently facing stiff competition from other companies, including Google, OnePlus, Xiaomi, Oppo, and Motorola.
With the market for foldable smartphones expanding rapidly, Samsung is looking to stay ahead of the game by offering a more affordable option to its customers.
Notably, Xiaomi has already secured a patent for a unique foldable technology, and there are plans for more innovative features within the foldable phone market.
As the competition in the foldable phone market heats up, Samsung is preparing to launch its more affordable foldable phone in 2024, aiming to make its mark in this increasingly popular segment of the smartphone industry.
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