Awesome deals, Galaxy Book 4 series, Watch 6, S24 Ultra or Z Flip 5! - Get 15% discount on Thinborne cases!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Samsung says rumors of a cheap foldable phone are untrue

    Phone
    By 

    Last updated: November 14th, 2023 at 14:45 UTC+01:00

    Despite what a couple of recent rumors have said, Samsung doesn't seem to have any plans for a low-cost or mid-range foldable phone. According to a Korean publication citing a Samsung Electronics spokesperson, Samsung “Won't manufacture foldable phones that are priced in the midrange, and the latest rumors are groundless.”

    The rumors seem to have originated from TrendForce through a report analyzing the foldable market and via tipster Tech_Reve on the social media platform X (formerly Twitter). The latter also claimed that the budget Galaxy foldable phones would cost $400-$500, which sounds a bit too unrealistic to be true.

    Story continues after the video

    The fact of the matter is that Samsung has been trying (and sometimes succeeding) to lower foldable phone prices for years, but even with the company's efforts, the Z series still consists of high-end phones that use costly premium technologies.

    Releasing a foldable phone that costs as much as the Galaxy A54 would mean the high costs of the hinge and foldable panel wouldn't leave much room for anything else.

    Unless Samsung is willing to lose a good chunk of money on every unit sold, this kind of cheap foldable device probably won't happen anytime soon. Not before foldable display technology, hinges, and foldable manufacturing prices get much lower.

    Is Samsung working in secrecy or not at all?

    There's a possibility that Samsung is considering expanding its foldable phone portfolio with new and/or cheaper models, and the company isn't yet willing to reveal its plans to the media.

    Then again, there's a possibility that it might not, and outside the few vague rumors, we've seen no hard evidence of a cheap foldable phone being in the works.

    The Samsung spokesperson had this to say on the matter: “There's nothing decided on the matter.” So, at most, this could mean Samsung thought about it as an idea in a vacuum but it's far from putting anything into practice or contacting suppliers.

    Either way, even if Samsung has plans for a third foldable phone model next year, we can be sure it won't cost $500 or less.

    If you are looking for a cheaper foldable device, keep an eye out on the Galaxy Z Flip 5 around Black Friday and try to take advantage of Samsung's enhanced trade-in discounts where available.

    Phone Samsung Electronics Buy Galaxy Z Flip 5 Now

    You might also like

    Samsung Bot Fit wearable robot may enter production soon

    Samsung Bot Fit wearable robot may enter production soon

    Samsung might have even bigger plans for the wearable market in 2024 than the Galaxy Ring. The company is supposedly planning to unveil its Apple Vision Pro competitor before the end of 2024, and one new report from Korea even says that the company is already strategizing the production of the Bot Fit wearable robot. […]

    • By Mihai Matei
    • 5 hours ago
    Samsung could link up with another major Korean group on AI

    Samsung could link up with another major Korean group on AI

    AI is the future and companies across different industries are taking a collaborative approach to utilize this technology for enhancing their offerings. Samsung is significantly invested in AI and is also open to collaborations with other companies. It appears that the company may link up with another major Korean conglomerate on AI. There's talk of […]

    • By Adnan Farooqui
    • 5 hours ago
    Samsung is piling up billions in cash to likely make a big acquisition

    Samsung is piling up billions in cash to likely make a big acquisition

    There has long been speculation about how Samsung would use its more than $60 billion cash reserves. The general perception is that the company would become active in the mergers and acquisitions space to buy some big company. However, Samsung hasn't made any major acquisitions since it bought Harman for $8 billion back in 2017. […]

    • By Adnan Farooqui
    • 9 hours ago
    Premium Samsung Store opened in India’s Kolkata

    Premium Samsung Store opened in India’s Kolkata

    Samsung has opened its Premium Experience Store in the city of Kolkata in India. This is the seventh Premium Experience Store from Samsung to be opened in India. The company announced last year that it wants to open a total of 15 such premium retail stores across India. Samsung has opened a Premium Experience Store […]

    • By Asif Iqbal Shaik
    • 4 days ago
    Walmart and Vizio might beat Samsung’s TV business in the USA

    Walmart and Vizio might beat Samsung’s TV business in the USA

    Earlier this week, US retail giant Walmart confirmed its plans to buy the smart TV brand Vizio in a deal worth $2.3 billion. Initially, Walmart said this acquisition was part of its strategy to expand its Walmart Connect advertising business, but market watchers say this transaction may have some negative effects on Samsung's smart TV […]

    • By Mihai Matei
    • 4 days ago
    Samsung led the tablet market in India in 2023, Apple was 3rd

    Samsung led the tablet market in India in 2023, Apple was 3rd

    The tablet market in India experienced several ups and downs in 2023, but by the end of the year, Samsung emerged as the top-selling tablet brand in the country, new data from IDC (via Times of India) shows. Even though Samsung's tablet business suffered from a 34.7% year-on-year decline in India, the company was reportedly […]

    • By Mihai Matei
    • 5 days ago