Samsung: No $400 Foldable Smartphone Coming Next Year

Samsung Galaxy Z Flip5

Last week, an intriguing rumor circulated, suggesting that Samsung had ambitious plans for a more budget-friendly foldable device set to hit the market next year. The catch? The astonishingly low estimated price range of “$400 to $500.”

Samsung Refutes Reports of Affordable $400 Foldable Phone

Galaxy Z Flip5

However, Samsung itself swiftly extinguished the excitement surrounding this wallet-friendly foldable gadget. In a recent statement to a Korean publication, the tech giant categorically rejected the notion. Putting an end to the budding speculation.

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A spokesperson from Samsung Electronics emphatically declared, “We don’t plan to manufacture foldable smartphones that are in the midrange, and the latest rumors are groundless.” This clear-cut response leaves no room for ambiguity.

With this revelation, it appears that Samsung is not venturing into the midrange foldable smartphone market anytime soon. Instead, the spotlight shifts to Motorola, currently holding court in this niche with its Razr 40 / Razr 2023. Originally priced at $699.99, the Razr 2023 has seen a significant drop to $499.99, conveniently aligning with the rumored target price for Samsung’s hypothetical midrange Galaxy Z foldable.

While Samsung has firmly shut the door on midrange foldables, speculation continues regarding the possibility of an FE (Fan Edition) version of its existing foldable lineup. On this matter, the Samsung spokesperson provided a cryptic response: “There’s nothing decided on the matter.” This leaves room for speculation and anticipation. This hints that the company might still have some surprises up its sleeve in the near future.

In conclusion, the anticipated midrange foldable from Samsung has been debunked, allowing Motorola to bask in its midrange foldable glory. As for the potential FE foldable, the future remains uncertain, keeping tech enthusiasts on the edge of their seats, eagerly awaiting the next move from the innovative giant.

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