The champion company in the foldable smartphone arena, Samsung, is considering producing a new device that will be more affordable and budget-friendly than its current lineup. The Samsung Galaxy Z Flip and Z Fold series are the stars of the show, although they come with a premium price. Samsung is facing stiff competition and in a saturated market, sales may become more challenging.
By 2024, Samsung aims to launch a more budget-friendly foldable smartphone, in response to the growing number of foldable smartphones entering the market. Thirteen new foldable phone offerings from various companies have emerged in the last three months. Price is a significant factor, and reducing this “price barrier” is a key focus for Samsung.
Amidst this fierce competition, Samsung will introduce a mid-range foldable smartphone in 2024, according to a report by TrendForce and Android Central. Other companies are also making their mark in the industry with similar premium foldable offerings like Google, OnePlus, Xiaomi, Oppo, and Motorola. The future looks bright with plans for new features and technologies on the horizon, providing more options to potential buyers.
Samsung is not only looking to expand its current lineup with the Galaxy Z Flip5 and the Z Fold5, but is also aiming to produce more affordable versions of foldable smartphones. With a new release expected in 2024, Samsung remains at the forefront of delivering innovative foldable smartphones to the world.
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