Samsung denied the rumor of making a $400 foldable phone

Last week, a rumor surfaced claiming that Samsung is working on an affordable foldable phone and will launch it in 2024. According to this rumor, the price of this phone was supposed to be 400 to 500 dollars. Now Samsung has clearly stated that It does not intend to make such a mid-range foldable phone.

According to Report of a Korean publication, Samsung has said that it has no plans to produce a mid-range foldable smartphone, thus completely denying the rumor. A spokesperson for Samsung Electronics said:We are not planning to produce mid-range foldable smartphones and the recent rumors are baseless». It seems that the release of a foldable phone with the same price as the Galaxy A54 is currently impossible for Samsung due to the high costs of the hinge and the folding panel.

Samsung’s mid-range foldable phone

Samsung’s talk leaves no room for hope, and at least in 2024 we shouldn’t expect a mid-range foldable phone from Samsung. So now it seems that Motorola with Razer 2023 And Razor 40 It has the only mid-range foldable phone in the market. The Razer 2023 was originally priced at $699.99 in the US, but the phone can now be had for $499.99, right around the same price as Samsung’s supposed foldable phone.

Fans were also expecting Samsung to release an FE version of one of the Galaxy Z Fold/Flip. But the company’s spokesperson said that Samsung “has not made any decision about this.” It is possible that in the near future, Samsung will decide to introduce the FE version of the Galaxy Z series. The Korean giant has had a lot of success with its mid-range A-series phones that sit below the flagship S-series, so the company isn’t averse to offering phones at different price points.

Samsung had some serious issues with its first foldable phone, so it might be wise for the company to keep things top-notch for now and not try to make a mid-range foldable phone.