Samsung’s new foldable may cost less than two million won

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Samsung’s new foldable may cost less than two million won

Samsung Electronics’s new foldable smartphone to be unveiled next month may be priced under 2 million won ($1,700), industry sources said Thursday, as the Korean tech giant eyes attracting more consumers over its global rivals.

Samsung’s clamshell-type foldable phone, supposedly known as the Galaxy Z Flip, is set to be introduced at the company’s “Unpacked” event in San Francisco on Feb. 11, along with a new version of its flagship smartphone that is likely to be named the Galaxy S20.

Industry insiders speculated that the Galaxy Z Flip could be cheaper than Samsung’s first foldable phone, the Galaxy Fold, which was launched last year with a price tag of around $2,000.

“The company still seems to be discussing the price of the product, but the new foldable phone is likely to be priced around the middle of the 1 million won range in Korea,” a source familiar with the matter said.

Samsung has not confirmed any specs for the new foldable phone, but rumors from the IT community predict that the Galaxy Z Flip could come with a 6.7-inch display using an ultrathin glass material.

Foreign IT reviewers and media also speculate that the Galaxy Z Flip may be powered by Qualcomm’s Snapdragon 855 chip and feature a 12-megapixel rear camera and 10-megapixel front camera alongside a 3,300-milliampere-hour battery.

Industry insiders expect that Samsung, the world’s top smartphone maker, will face fierce challenges in the foldable phone market this year as other companies are also set to launch their own foldable handsets.

Motorola is scheduled to start pre-sales of its Razr foldable smartphone this weekend. The phone, which is a reboot of the popular Razr series from the early 2000s, is expected to compete with Samsung’s Galaxy Z Flip as it also has a vertically folding design with a $1,500 price tag. Motorola’s device comes with 6.2-inch internal screen and a 2.7-inch outer display.

China’s Huawei Technologies, the world’s second-largest smartphone manufacturer behind Samsung, is expected to unveil its foldable Mate Xs at the Mobile World Congress 2020 in Barcelona next month.

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