Samsung is rumored to be developing a mid-range foldable phone set for release in 2024, aiming to make foldable phone technology more accessible to the general consumer. The device is expected to be priced between $400-$500, a significantly lower cost than other foldable phones currently on the market. However, achieving this price point for a foldable phone will require making significant sacrifices in terms of internal hardware, cameras, build quality, and overall design.
Analysts are skeptical about the feasibility of releasing a mid-range foldable phone at such a low price point, with concerns about whether it will align with Samsung’s current design philosophy and reputation. The potential for sacrificing too much in order to offer a lower-priced foldable phone raises questions about the device’s potential success in the market. Despite this skepticism, industry watchers believe that Samsung may still proceed with the release of its low-cost mid-range Galaxy phone next year, potentially willing to forego some revenue in order to help bring foldable phones to a broader audience.
Given Samsung’s reputation for strategic decision-making, it remains to be seen whether the company will be able to successfully balance the price, features, and quality of its mid-range foldable phone to make it a viable and attractive option for consumers. Time will tell whether Samsung can overcome the challenges of creating an affordable foldable phone without compromising its existing standards and brand image.
