Samsung Galaxy Fold. Huawei Mate X. Motorola Razr. Those are the big names in foldable phones right now. While all have very different approaches to the foldable concept, one thing they all have in common is they're all very expensive. Which is to be expected: as with all experimental technology, there's initially a hefty price tag attached. However, one foldable manufacturer is reportedly working to undercut its rivals and bring the price down to more manageable levels.
The Korea Herald has spoken to anonymous industry sources who claim Samsung's second foldable phone will be released at a starting price of less than a thousand US dollars. The price is listed as "one million won", around $840, which would undercut some of Samsung's existing devices such as the Samsung Galaxy S10.
Given the expensive nature of the folding technology, it's likely this would lead to mid-range or underwhelming specs. Motorola Razr, currently the cheapest foldable of the bunch, sports a Qualcomm Snapdragon 710 processor, 6GB RAM and 2510mAh battery capacity, which is pretty lacklustre.
If Samsung is intending to undercut the Razr, it might opt for similar (or even lesser) specs in order to get the folding technology into the hands of more consumers. This could put some users off, who might not be swayed by the novelty of the folding device and would rather stick to higher-performance, more conventional phones.
As more and more rival companies enter the foldable screen market, Samsung's early attempt to make a wallet-friendly foldable makes a lot of sense. LG are even purported to be entering the mix, with a phone incorporating a unique rollable screen. How successful Samsung's efforts will be to democratise the technology remains to be seen, but it won't be long until foldable phone prices begin to fall.
Liked this?
- Samsung Galaxy S11: everything we know
- Huawei P40 Pro: prices, release dates, specifications
Sign up to the T3 newsletter for smarter living straight to your inbox
Get all the latest news, reviews, deals and buying guides on gorgeous tech, home and active products from the T3 experts
Matt Evans now works for T3.com sister brand TechRadar, covering all things relating to fitness and wellness. He came to T3.com as staff writer before moving on, and was previously on Men's Health, and slightly counterintuitively, a website devoted to the consumption of Scotch whiskey. In his free time, he could often be found with his nose in a book until he discovered the Kindle.
-
Lockin’s new smart lock doubles as a video doorbell and reads your palms
Lockin launches the 4-in-1 Smart Lock and its recognition is seriously impressive
By Bethan Girdler-Maslen Published
-
Your O2 Android phone will now come with Epic Games Store preinstalled
Gaming on your phone just got easier
By Sam Cross Published
-
The best new camera phone might not be from Samsung or Apple
Oppo's making a big push for its next phone
By Max Freeman-Mills Published
-
I tried the iPhone 16 Pro on safari – now I want one for the huge camera upgrade
The iPhone 16 Pro's zoom boost is a game-changer
By Max Freeman-Mills Published
-
Samsung Galaxy Z Fold 6 SE could be the king of foldables for one good reason
And the other rumours are looking good too...
By Britta O'Boyle Published
-
Android phone prices could soon soar for just one reason
Price of the brick goin' up
By Max Freeman-Mills Published
-
Leaked Samsung Galaxy S25 Ultra case shows a shift back to the mundane
Samsung's next flagship might not be quite so unique.
By Max Freeman-Mills Published
-
Is this the foldable phone that has Samsung most worried?
Another folding phone has just launched, this time with Loewe design
By Chris Hall Published
-
Apple Watch Series 10: everything you need to know about Apple’s sleekest, brightest, and most feature-packed wearable yet
The new wearable has a larger display than the Ultra
By Matt Kollat Published
-
When is the iPhone 16 coming out? Could Apple's on-sale date be a surprise?
The iPhone 16 has already bucked trends once
By Max Freeman-Mills Published