Samsung and Huawei are likely to release mid-range foldable phones in 2024

Samsung and Huawei have managed to become pioneers in the foldable phone market over the past few years. Now, in a new report, it is said that both companies will probably release foldable phones early next year Affordable And middle class They will reveal themselves.

According to TrendForce, Korean and Chinese tech giants are planning to lower the cost of making their foldable phones. This makes more customers available and expands their presence in the market. Referring to these factors, TrendForce claims that Huawei and Samsung are likely to unveil cheaper foldable phones in 2024.

Samsung’s mid-range foldable phone

Additionally, the report claims that Samsung Electronics is working on a new foldable phone that will target the mid-range segment. More details about this device have not yet been announced. Referring to the term “mid-range” in this report, we can expect this cheap foldable phone to cost around $500.

The foldable phones that are already available in the market are aimed at the premium categories, and like the Oppo Find N3 that was announced last month, it carries a price tag of 1,650 euros. Lowering the price of these devices will generally increase the sales of the foldable phone market, as more consumers will be able to afford it. Last month it was said that Samsung apparently wants to sell 20 million foldable phones next year.

Apple is the biggest absentee in the foldable phone market, which is probably why Samsung and Xiaomi are the main leaders in this market. Last month, the iPhone maker was rumored to be introducing the first foldable iPad in late 2024 or early 2025. Meanwhile, Samsung is reportedly working on a foldable laptop that will launch in the second half of 2024.