--- title: "Samsung Denies Plans for Affordable Foldable Smartphone" description: "Samsung Denies Plans for Affordable Foldable Smartphone" author: "Saumya Mishra" published: 2023-11-15 updated: 2023-11-15 canonical: https://www.mindstick.com/news/3534/samsung-denies-plans-for-affordable-foldable-smartphone category: "technology" tags: ["smartphones", "samsung"] reading_time: 2 minutes --- # Samsung Denies Plans for Affordable Foldable Smartphone - **Samsung denies rumors of a mid-range [foldable smartphone](https://www.mindstick.com/news/2301/the-foldable-smartphone-from-vivo-appears-promising).** - **The company has no plans to manufacture foldables in the mid-range segment.** - **Foldables currently sit in the premium lineup.** [Samsung](https://www.mindstick.com/news/3474/samsung-beats-expectations-in-operating-profit-and-foresees-memory-chip-demand-improvement) has denied rumors that it is working on an [affordable](https://www.mindstick.com/blog/43401/take-arlo-security-camera-kit-at-affordable-price-with-certain-great-amazon-deals) foldable smartphone for mid-range price points. A company spokesperson said (via Korea JoongAng Daily) that reports of a foldable priced under **$500** are "groundless" and that Samsung has no plans to manufacture a foldable in the mid-range segment. Previous reports from market [analysts](https://yourviews.mindstick.com/audio/1106/important-skills-for-data-analysts) like TrendForce and other leakers had indicated that Samsung may price future foldables as low as **$400-500** to broaden their appeal. However, a spokesperson dismissed such speculation. #### Sources in Samsung's supply chain had revealed plans to bring foldables to the more affordable mid-range market by 2024. This sparked hopes that the manufacturer would launch a fan edition or downgrade specs to hit aggressively lower price points. The company's foldables currently sit in its premium lineup just below the flagship Galaxy S series, with the **Z Flip 5 [starting](https://www.mindstick.com/blog/12024/things-you-need-to-know-when-starting-your-own-business) at $999** and the **Z Fold 5 at $1,799.99** in the [US](https://yourviews.mindstick.com/view/85180/future-of-united-states-trends-and-predictions). Earlier reports claimed the company was developing a foldable to launch in 2024 with a price tag under $500. #### As foldable screen technology matures and competitors like Google and Huawei introduce their own models, consumers have demanded more affordable options. Samsung signals that significant price cuts on its flagship foldables are not imminent. By downplaying ambitions for a budget foldable next year, Samsung aims to maintain its first-mover advantage in what's projected to become a **$29 billion market by 2025.** ![Samsung Denies Plans for Affordable Foldable Smartphone](https://www.mindstick.com/usernews/655071/16671fd9-f78a-4dbf-a20d-2dae484bdb83/images/a7a1a85a-e53b-4364-a127-806b5f23abc9.jpg) #### Samsung Announces Generative AI Model Gauss In other [news](https://www.mindstick.com/developersection/news), Samsung announced its first [generative AI](https://yourviews.mindstick.com/view/86020/generative-ai-in-scientific-research-accelerating-discoveries) model, Gauss, at the Samsung [AI](https://www.mindstick.com/services/artificial-intelligence) Forum last week. According to the company, developed by its [research](https://www.mindstick.com/articles/311609/how-to-research-the-companies-before-applying-to-their-open-positions) arm Samsung Research, Gauss aims to harness the power of AI to improve people's lives. --- Original Source: https://www.mindstick.com/news/3534/samsung-denies-plans-for-affordable-foldable-smartphone Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.