Having a significant market share in the foldable phone industry with the Galaxy Fold and Z Flip series, Samsung is preparing to appeal to the general user by reducing the cost. In this context, the company is working hard on a model that can be considered affordable when compared to other models. In fact, the first information about the device was shared at the beginning of this month. Finally, the potential price tag of the model has emerged.
Samsung is working on a budget-friendly foldable phone
Foldable phones are expensive not only for Samsung, but also for the whole market. Because the cost of foldable screens is much higher than normal panels. Therefore, when a device with this concept is released, it usually has a price tag of over $ 1,000.
Samsung’s first-generation Galaxy Fold model went on sale for $ 1,980. The third generation Galaxy Fold 3, introduced last year, is available to users with price tags starting from $ 1,799. On the other hand, the first generation Galaxy Z Flip is sold for 1,379 dollars, and the third generation for 999 dollars. In fact, there is a significant decrease in price here as well.
Foldable phones, despite all this, still do not appeal to the general user. But that looks set to change drastically soon. Because Samsung is working on an entry-level and also budget-friendly foldable phone.
According to ETNews, which stands out with its leaks in the industry, the related foldable phone will adopt a price tag in the $800 band. According to past reports, the company will not be looking for any adventures with the design of the model. Here, it is highly likely that it will come with a similar appearance to the Galaxy Fold and Z Flip series. As for the release date, the earliest is 2024.
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