Samsung likely to launch affordable Fold phone

To attract more customers towards its Galaxy Fold lineup, Samsung is rumoured to launch an affordable device in the lineup.

We have already seen some Fan Editions of Samsung’s high-end Galaxy line up and now the similar approach is being considered towards its folding devices.

The company currently has two folding phones in the lineup the Galaxy Fold 5 and the Galaxy Z flip.

It is unlikely that Samsung would consider a FE model of the Galaxy Z flip anytime soon, but a Galaxy Fold FE phone is very much on cards.

“Samsung Electronics is developing two Galaxy Z Fold 6 models, a new Z Fold with a pen input function and a model without pen input. This is a strategy to expand demand by reducing the price burden on foldable smartphones,” according to South Korean tech website ETnews.

Breaking News: As I mentioned, Samsung is reported to be developing the Galaxy Z Fold 6 FE.

According to reports from Etnews, Samsung is preparing the first ‘budget model’ in the history of the Galaxy Z Fold. Currently, Samsung is developing a total of two models for the Galaxy…

— Revegnus (@Tech_Reve) March 14, 2024

The Samsung Fold 6 FE device would compete against Chinese devices from the likes of Huawei, Xiaomi, and OnePlus, which are available at much affordable prices.

The move will put Samsung in a better positioned ahead of Apple’s rumored folding phone, which could arrive as soon as 2026.

The folding phones have been expensive compared to regular flagships.

The Samsung Galaxy Z Fold 5 costing $1,799.99 / £1,749 / AU$2,599 on release. The cheapest foldable on the market right now is The Motorola Razr 2023, at $999.99 / £1,049.99 / AU$1,499.

Samsung new phone would need to be as close to the $1,000 / £1,000 mark as possible to compete.