Samsung isn’t planning to launch affordable foldable smartphones in 2024

Highlights
  • Samsung has confirmed they won’t make midrange foldable smartphones.
  • Earlier, a report mentioned that Samsung might unveil affordable foldables for as low as $400.
  • Samsung’s Z-series foldable smartphones are currently in the expensive category.

Samsung introduced its latest flagship foldable phones, the Galaxy Z Flip 5 and Galaxy Z Fold 5, this year, starting at Rs 99,999. Since then there have been rumours that the South Korean tech giant might launch cheaper and affordable foldable phones, but the company has now denied all the rumours.

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Details on affordable Samsung foldable phones

  • According to a new report, Samsung has confirmed they won’t make midrange foldable smartphones.
  • They denied rumours suggesting that the Galaxy Z Flip and Galaxy Z Fold, expected to launch next summer, might be priced as low as $400 (Rs 33,292).

“We don’t plan to manufacture foldable smartphones that are priced in the midrange, and the latest rumours are groundless,” a spokesperson from Samsung Electronics told Korea JoongAng Daily.

Recently, a tipster named @Tech_Reve on X (formerly Twitter), suggested that the new Samsung foldable phones might cost between $400 and $500, describing it as an ambitious target.

Meanwhile, some leakers thought Samsung might release a fan edition of the foldable phones, keeping the outer look and some key features like the camera but with a less powerful processor and other parts.

However, launched globally in July, Samsung’s Galaxy Z-series foldable smartphones are currently in the expensive category, positioned just below the flagship S series.

In India, the Samsung Galaxy Z Flip 5 was launched in two storage choices – 8GB+256GB at Rs 99,999 and 8GB+512GB at Rs 109,999. Meanwhile, the Samsung Galaxy Z Fold 5 was launched in three storage options – 12GB+256GB, 12GB+512GB, and 12GB+1TB, priced at Rs 154,999, Rs 164,999, and Rs 184,999, respectively.

Samsung Galaxy Z Flip 5, Galaxy Z Fold 5 specs

Here’s a brief overview of the important specifications for both phones.

SpecsGalaxy Z Flip 5Galaxy Z Fold 5
Display
  • 6.7-inch FHD+ Dynamic AMOLED 2X 120Hz display
  • 3.4-inch Super AMOLED cover 60Hz display
  • 7.6-inch QXGA+ Dynamic AMOLED 2X Infinity Flex inner 120Hz display
  • 6.2-inch HD+ Dynamic AMOLED 2X cover 120Hz display
ChipsetSnapdragon 8 Gen 2 SoC
Rear camera12MP+12MP50MP+10MP+12MP
Selfie camera10MP on the front4MP on the inner display and 10MP on the cover display
Battery4,400mAh with 25W fast charging