Samsung is preparing budget-friendly foldable smartphones.

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Samsung is actively attempting to lower the cost of foldable devices. The business has reportedly begun designing and developing an entry-level foldable device for less than KRW 1 million, according to the Korean media. That is roughly $775 at the current exchange rate, or less than $800. The business plans to release this product in 2024.

A smartphone costs $800, which isn’t exactly cheap. In contrast, when it comes to foldables, they may very well meet the criteria for a mid-range gadget, which is what Samsung is aiming to produce. The Galaxy Z Flip 3 is the company’s current least expensive foldable product, with a starting price of $999. While the most recent model in the Fold line is priced at $1,799.

According to a story from earlier this month, Samsung could introduce a foldable phone in 2025 as part of its affordable Galaxy A series. The source of that report was also South Korea. We assume that the device being discussed in both complaints is the same. The bottom line is that in a few years, foldable technology will become much more accessible.

Advertisement Of course, lowering the price requires making certain concessions. The alleged mid-range foldable will only include essential functionality, according to the new report . While some of the cutting-edge capabilities seen on the most recent Samsung foldables may be absent, these characteristics are not essential to the operation of the device.

The price of Samsung’s foldable smartphones in 2022 might not decrease. Samsung has lowered the cost of its foldable devices with each subsequent generation. Early on, there were reports that the business will later this year lower prices on the Galaxy Z Fold 4 and Galaxy Z Flip 4. But lately, we haven’t heard anything about this. So don’t hold out much hope.

Nonetheless, at the price of their respective predecessors, Samsung’s foldables from 2022 would be fairly enticing offers. This year, the devices are receiving various updates. There’s a lot to be thrilled about, from enhanced cameras, bigger batteries, and faster charging to a more robust folding screen and an improved design.

Advertisement Samsung is anticipating strong sales for the Galaxy Z Fold 4 and Galaxy Z Flip 4 as a result of these advancements. This year, it hopes to sell twice as many foldable devices, from 7.1 million to over 15 million. Despite planning for a slowdown in the smartphone sector, this is the case. If this wager on the foldable section pays off, only time will tell. In the first half of August, the newest foldables are predicted to appear.

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