According to an analysis by the consulting firm TrendForce, Samsung may be considering launching a more affordable version of its foldable phone in 2024.
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The report takes into account the decline in the global smartphone market as a significant factor in the Korean manufacturer’s decision. The supposed launch is set for 2024 and will be a “mid-range” smartphone.
How inexpensive the phone will truly be remains uncertain, but experts speculate that this foldable Samsung could cost around $400 to $500, which is a considerably low price considering that the current Galaxy Z Fold 5 is priced at nearly $1,800.
However, as we don’t have much information about this rumored Galaxy model yet, it’s best to treat this news as a rumor until it is confirmed by Samsung itself.