Foldable cellphones have advanced significantly in a short period of time, although they are still highly expensive. But a recent source claims that Samsung is working on a foldable that will go on sale in the next two years for less than $800.

Six foldable smartphones have been made available by Samsung thus far: the Galaxy Fold, Z Fold 2, Z Fold 3, Z Flip, Z Flip 5G, and Z Flip 3. Prices have also decreased slightly over time. The Galaxy Z Fold 3 starts at $1,799 before trade-in discounts are taken into account, compared to the first Galaxy Fold’s price of $1,980. The Galaxy Z Flip was originally priced at $1,379, however the Galaxy Z Flip 3 has reduced it to $999.

The Galaxy Z Flip 3’s decreased pricing caused the popularity of foldable smartphones to soar, with the sub-$1,000 price tag obviously being a lot easier pill for potential buyers to swallow.

According to ETNews , Samsung is working on a budget-friendly foldable smartphone that will cost less than one million won. The pricing that Samsung is aiming at with this foldable, when converted, would be somewhere around $800 USD.

Samsung is reportedly planning to deliver these smartphones in 2024, and the company is already developing budget versions of the Galaxy Z Flip and Z Fold.

How is Samsung going to reduce the cost of their foldables by $200? Evidently, this entails ensuring that just fundamental features are installed and excluding premium options.

If we had to guess, the external display, wireless charging, and perhaps water resistance are a few features that might be removed from a Galaxy Z Flip that has been scaled back. The same might be true for a cheaper Galaxy Z Fold device. Of all, Samsung’s plans would also undoubtedly include a less advanced semiconductor.

The Galaxy Z Fold 4 and Flip 4 are Samsung’s upcoming foldable devices. Samsung appears to be using the same design philosophy as its classic smartphone line, the Galaxy A series. Instead of the bestselling Galaxy S series, those smartphones account for the majority of Samsung’s smartphone sales.

In addition to the rising demand from consumers, Apple also plays a role in Samsung’s effort to produce a foldable that is more cheap. Samsung aims to maintain its position as the market leader in foldables where the iPhone giant is rumored to be working on a foldable device, particularly in China where the technology is particularly well-liked.

Samsung has also reportedly increased its shipment projections for its current high-end foldables, with intentions to build 15 million handsets rather than the previously anticipated 10 million.

The Galaxy Z Fold 4 and Galaxy Z Flip 4 are anticipated to go on sale from Samsung in mid-August at a price that is probably comparable to that of its predecessors. According to rumors, both devices will have updated hinge designs with a less obvious display crease. A better camera and more major modifications to the device’s appearance are also anticipated for the Fold 4.

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