Samsung not planning to launch inexpensive foldable smartphone

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Samsung not planning to launch inexpensive foldable smartphone

Samsung has already launched its new foldable smartphones — Galaxy Z Fold 5 and Galaxy Z Flip 5. A current on-line report revealed that Samsung might quickly launch an inexpensive mid-range foldable smartphone. Nonetheless, the South Korean smartphone has now confirmed that it isn’t planning any such smartphone.
In accordance with a report by a Korean publication JoongAng Every day, Samsung has confirmed that it isn’t planning to launch any inexpensive foldable smartphone.Samsung has denied rumors that it plans to launch inexpensive foldable smartphones in 2024. A spokesperson for the corporate advised the publication that there are not any such plans within the works.
The rumors had been circulating for a number of months, with some analysts predicting that Samsung would launch a foldable cellphone for as little as $500. Nonetheless, Samsung has now poured chilly water on these hopes.
The corporate’s resolution to stay with high-end foldable telephones is probably going attributable to the truth that they’re nonetheless comparatively costly to fabricate. In consequence, Samsung is probably going targeted on promoting them in smaller portions to a extra prosperous buyer base.
This does not imply that Samsung is totally giving up on the concept of inexpensive foldable telephones. Nonetheless, it’s probably that the corporate will wait till the know-how has matured and the manufacturing prices have come down earlier than it releases any such gadgets.
Samsung can also be reportedly engaged on a brand new foldable cellphone that’s anticipated to be launched in 2024. This cellphone is rumored to have a extra sturdy hinge and a bigger battery.