Samsung official denies rumor about mid-range foldable phone

Samsung Electronics has shot down the recent rumor about a mid-range foldable smartphone for 2024.  Only last week, we came across a rumor suggesting that Samsung is likely working on a mid-range foldable phone, which could land as early as 2024, and a follow-up leak even suggested the smartphone could cost as low as $400 to $500. While foldable smartphones are getting better and more mainstream, they are still quite expensive, especially the book-style ones. So, the idea of a mid-range foldable (likely clamshell) foldable smartphone under $500 was lucrative.  However, days after, a Samsung spokesperson shot down the rumor in an interview with a Korean publication, Korea JoongAng Daily.  Samsung spokesperson says ‘nothing decided’ about Galaxy Z FE phones In the interview, the spokesperson said, “We don’t plan to manufacture foldable smartphones that are priced in the midrange,” the spokesperson said. They also added that the recent rumors are “groundless.” This is an unfortunate and sudden turn of events, so we will likely not see a cheap foldable smartphone from the Korean tech giant. Currently, Samsung’s clamshell-type foldable smartphones are the cheapest, and the latest iteration, the Galaxy Z Flip 5, starts at $1,000, which is way out of the mid-range league.  In addition to disavowing mid-range foldables, the spokesperson also touched on the idea of an “FE” model in the Galaxy Z line.  The idea behind the FE, formerly known as “Fan Edition” devices, is pretty simple. Take the flagship device and strip it of some features and hardware…Samsung official denies rumor about mid-range foldable phone

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