Samsung denies producing mid-range foldable screen smartphones

According to PhoneArena , although foldable smartphones still make up a small part of the mobile market, this is the only category that is growing. Samsung is the market leader, but its foldable smartphones are quite expensive, starting at $1,000 for the clamshell Galaxy Z Flip5 and $1,800 for the book-shaped Galaxy Z Fold5.

Samsung still has no plans for a mid-range foldable Galaxy

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At $699, Motorola's Razr 2023 is the cheapest foldable smartphone available in the US, and a recent report said Samsung could release a foldable smartphone priced between $400 and $500 in 2024.

This report was immediately met with skepticism as users said it would be difficult for Samsung to cut the price of its cheapest foldable smartphone in half. In addition, manufacturing a foldable smartphone is not as simple as making a cheaper phone like the Galaxy S23 FE. Some high-end components such as flexible screens or hinges, and involve complex engineering and other R&D activities. Since sales have not yet reached the level where manufacturers can take advantage of the scale of products, it is difficult for them to come up with cheaper models, and Samsung is no exception.

Now, things have been cleared up as Samsung has denied rumors that it will release a mid-range foldable smartphone. A Samsung spokesperson said: "We have no plans to produce such a smartphone and the latest rumors are baseless."

A Samsung CEO previously hinted that the company has no plans to release a mid-range foldable phone in the near future. But whether that was the right decision is another story, as many companies are entering the foldable smartphone market at a cheaper price, such as China's Tecno, which plans to launch a $600 model in some markets, while Huawei is also aiming for a cheaper product next year. If Samsung wants to continue to position itself as a market leader, it will have to change, especially if it wants to reach its target of selling 20 million foldable smartphones next year.

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