Samsung Plans to Launch $400-$500 Foldable Phone in 2024 to Boost Accessibility

New Mid-Range Foldable Phone Aims to Lower Price Barriers and Increase Adoption, Despite Potential Hardware and Software Challenges

Samsung is planning to launch a mid-range foldable phone in 2024, priced between $400 and $500, significantly undercutting the prices of other foldable phones in the market.
The new foldable phone aims to make the technology more accessible to a broader range of consumers by reducing price barriers.
The lower-priced Samsung foldable phone is likely to have a smaller display, a less-powerful camera, and cuts to processing power, similar to the concessions made by the Motorola Razr.
Despite potential hardware and software challenges, Samsung believes that the lower price of this phone could be a tipping point for many buyers considering an upgrade to a foldable device.
The most likely outcome is that Samsung will release a budget version of the Galaxy Z Flip 5, which is already the company's cheapest foldable phone.