Samsung Has No Plans to Launch an Affordable Foldable in 2024: Report

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Samsung Has No Plans to Launch an Affordable Foldable in 2024: Report


Samsung’s 2024 lineup was lately speculated to embody finances foldable smartphones. The first reasonably priced foldable from the South Korean tech large was mentioned to price round $400 to $500 (roughly Rs. 33,000 to Rs. 41,000), comparable to a mid-range Galaxy A sequence smartphone. The firm has now reportedly denied rumours of a mid-range Samsung foldable telephone. Samsung was mentioned to launch Fan Edition variations of the foldable telephone after the launch of the Galaxy Z Fold 6 and Galaxy Z Flip 6 subsequent 12 months.

As per a report by Korea JoongAng Daily, a Samsung spokesperson confirmed that the corporate would not have plans for a “mid-range” foldable. “We don’t plan to manufacture foldable smartphones that are priced in the midrange, and the latest rumours are groundless,” the report quotes the spokesperson as saying.

Samsung was additionally rumoured to launch a less expensive Galaxy Z foldable telephone known as the Galaxy Z FE (Fan Edition) after the launch of Galaxy Z Fold 6 and Galaxy Z Flip 6 and the spokesperson rejected the hearsay saying, “there’s nothing decided on the matter”.

Recent rumours mentioned that Samsung was creating a lower-cost foldable set to arrive in 2024. A report by market analysis agency TrendForce claimed that Samsung will introduce extra competitively priced foldable telephones to the mid-range market subsequent 12 months to assist scale back worth boundaries and make foldable telephones extra accessible. Further, a tipster opined that the foldable could possibly be priced as little as $400 to $500.

The South Korean model has launched 5 iterations of the Galaxy Z foldable flagships. The Galaxy Z Flip 5 and Galaxy Z Fold 5 have been launched only a few months in the past. The worth of the Samsung Galaxy Z Flip 5 begins at $999(roughly Rs. 82,000), whereas the Galaxy Z Fold 5 has an preliminary price ticket of $1,799 (roughly Rs. 1,47,000).

Samsung Galaxy Z Fold 5 worth in India begins at Rs. 1,54,999 for the bottom 12GB RAM + 256GB storage configuration and Galaxy Z Flip 5 begins at Rs. 99,999 for the 8GB RAM + 256GB storage mannequin.

Both the Galaxy Z Fold 5 and Galaxy Z Flip 5 are powered by Qualcomm’s customized Snapdragon 8 Gen 2 Mobile Platform for Galaxy and have a brand new Flex Hinge. They ship with One UI 5.1.1 based mostly on Android 13 and have an IPX8 rated construct for water resistance.


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