According to reports, Samsung is gearing up to launch an affordable version of its popular foldable smartphones. The news comes amidst increasing competition in the foldable phone market from rival brands such as OnePlus, Huawei, and Oppo.
Recent leaks revealed that Samsung is working to launch not one, but two new foldable devices. One of these devices is expected to carry the “Ultra” moniker. However, it’s the prospect of a budget-friendly foldable that has captured the attention of many.
Industry sources hint at significant cost reductions for the upcoming model. Although specifics remain scarce, reports indicate that Samsung may compromise on certain features such as the battery, processor, and display, to achieve a lower price point. However, the cameras are expected to maintain the same high-quality standards found in existing foldable models.
Samsung’s entry-level foldable could cost less than the Galaxy S24 (Update) https://t.co/UGjNbqmewA
— Android Authority (@AndroidAuth) March 19, 2024
It is further revealed that the affordable Galaxy Fold will lack the S Pen. However, it could be beneficial for the company, as consumers may prioritize the foldable functionality over the stylus.
The upcoming budget-friendly foldable smartphone is rumored to feature a dual-camera setup, drawing components from Samsung’s previous foldable devices. Additionally, the production pipeline is anticipated to remain robust, with an expected increase in volume to meet the projected demand for the more accessible model.
Price-wise, industry insiders suggest that the new foldable could retail for around $800, a substantial drop compared to previous iterations. This move aligns with Samsung’s strategy to capture a larger market share by appealing to consumers who may have been deterred by the higher price tags of premium foldable phones.
The decision to introduce an affordable foldable comes at a crucial time for Samsung, as competitors ramp up their offerings in the foldable phone segment. With Huawei recently entering the space with competitive models, Samsung aims to maintain its position as a leader in the evolving landscape of smartphone innovation.
If the reports hold, Samsung stands to deliver an enticing foldable device sure to capture widespread attention. Additionally, speculation suggests that the affordable Galaxy Fold may join the Galaxy A series, although further updates are needed to confirm this possibility definitively. Expected to launch later this year, the rumored budget-friendly model will complement the Galaxy Flip 6 and Z Fold series.
The upcoming launch is eagerly anticipated by tech enthusiasts and consumers alike, as Samsung continues to push the boundaries of mobile technology with its innovative foldable designs.
