Last week, rumors emerged that Samsung was preparing a foldable smartphone, the price of which would be significantly cheaper than the models currently available on the market. According to sources, the new product should hit the market next year at a price of $400 to $500. However, Samsung has now denied these reports.
Let’s note that the rumors didn’t arise out of nowhere. Earlier this month, Taiwanese analytics firm TrendForce reported, citing supply chain sources reportedwhat Samsung is planning “Launch mid-range foldable phones next year, further reducing price barriers and making foldable phones more affordable to a wider range of customers.”
However, it seems that users’ hopes of purchasing an affordable foldable smartphone will not come true. The South Korean manufacturer categorically denied these rumors and stated that there are no plans to launch such foldable smartphones. “We have no plans to produce mid-range foldable smartphones and the latest rumors are unfounded.” — The publication quotes a statement from a Samsung representative GSMArena.com.
However, there is reason for optimism, as a company representative also stated: ““Nothing has been decided on this issue yet.” That said, there is still a chance that Samsung will change its plans in the future and launch relatively inexpensive foldable smartphones.
Currently, only the Motorola Razr 40 (Razr 2023) is offered in the mid-range foldable smartphone segment, priced at $499.99.