Samsung Confirms That The Company Is Not Working On An Affordable Foldable And The Existing Rumors Are “Groundless”

Samsung pioneered foldable phones a year ago, and even though this year marks the end of software support for the Galaxy Z Fold. Rumors started appearing that the company is working on an affordable foldable device, and we could see it as early as next year. This was considered a big deal, in the first place, because foldable phones are expensive, and having an affordable foldable would be an excellent thing for people who are not looking to spend a lot of money on it.

Samsung is not in favor of making a mid-range foldable phone

However, a Samsung spokesperson has decided to put all rumors to rest and has now officially confirmed that the company is not working on manufacturing an affordable phone, and all the rumors are groundless.

We don’t plan to manufacture foldable smartphones that are priced in the mid-range, and the latest rumors are groundless.

Now, there are two ways to look at this situation. The first rumor that started back in August talked about how there would be a Fan Edition foldable phone, but it did not mention any price range. However, a recent rumor stirred things up when we heard that the upcoming Samsung foldable would cost somewhere between $400 and $500, and it even led me to believe that it could be a part of the A series devices, but that might not be happening after all.

Still, the hope lives on because the Samsung spokesperson did not completely shoot away the idea of an affordable foldable phone. Say something that costs below $999 because that is the starting price of its Z Flip devices every single year. Whatever the case, I do have a feeling that the South Korean tech giant might have to release an affordable or mid-range foldable phone because the competition will start heating up next year. If the company does not go towards that, it could also start losing money and users.

Would you be okay with spending less money on a foldable phone, or are you only looking for a flagship experience? Let us know your preferences in the comments below.

News Source: Korea JoongAng Daily

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