Samsung, the leading foldable phone maker, is reportedly planning to release a more affordable foldable phone in 2024. As the foldable phone market becomes increasingly competitive and companies continue to launch new devices, Samsung plans to release a more affordable foldable phone in 2024.
According to TrendForce, Samsung’s new foldable phone will be a mid-range device priced below the existing Galaxy Z Flip and Z Fold series. This is in response to the “price barrier” that has prevented many consumers from buying foldable phones in the past.
Samsung’s launch of a more affordable foldable phone could also be driven by increased competition in the market. In recent years, other companies such as Google, OnePlus, Xiaomi, OPPO and Motorola have released their own foldable phones, with more expected to follow in the future.
Samsung is currently the leader in the foldable phone market, but it faces increasing competition from other companies. By releasing more affordable foldable phones, Samsung is expected to maintain its market share and attract new customers.
Impact on the foldable phone market
Samsung’s introduction of more affordable foldable phones could have a significant impact on the foldable phone market. It will make it easier for more consumers to use foldable phones, which will increase the demand for these devices.
In addition, Samsung’s new foldable phone could put pressure on other companies to release their own more affordable foldable phones. This will increase competition in the market and lower prices for consumers.