Samsung Denies Plans to Launch Affordable Foldable Phones in 2024

In recent times, rumors relating to Samsung’s plan to launch an affordable foldable smartphone have been surfacing vigorously. Several sources stated that Samsung will be bringing a Fan Edition variant of the foldable. Finally, Samsung has responded through its spokesperson, and its answer is a statement of denial to all those rumors. Samsung has stated that it plans to maintain its flagship phones in the premium segment, refuting previous rumors that it will introduce reasonably priced foldable phones in the mid-range pricing basket.

It is claimed that Samsung intended to release foldable smartphones that were affordable and priced between $400 and $500 in 2024. These devices would be comparable in price to their mid-range Galaxy A series. Samsung’s official spokesperson shared on Korea JoongAng Daily that Samsung has no plans to manufacture mid-range foldable smartphones, and the latest rumors are baseless. Also, the business refuted reports that a less expensive Galaxy Z foldable phone, dubbed the Galaxy Z FE, is in the works and said no decision has been taken. Samsung is reportedly working on a less expensive foldable smartphone that will be launched in 2024, as per recent speculations.

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Samsung plans to launch more reasonably priced foldable phones in the mid-range market next year, according to a report by market research firm TrendForce, in an effort to lower barriers to entry and increase accessibility for flexible smartphones. All that depends on the release of the Galaxy Z Fold 6 and Galaxy Z Flip 6. As seen by Samsung’s most recent denial, the corporation is presently concentrating on preserving its premium position in the market, despite early rumors regarding more reasonably priced foldable phones. We may see more affordable foldable choices from Samsung in the future as production costs come down and technology progresses.

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