Samsung isn’t making cheaper Galaxy Z Fold just yet

Samsung has no plans to launch a cheaper Galaxy Z Fold. The company has recently unveiled the Galaxy Z Fold Special Edition. Previously, we’ve heard about the arrival of a foldable phone with an affordable price tag.

A Samsung official (via SamMobile) confirmed that there are no plans for the launch of Galaxy Z Fold with a lower price tag. Instead, the company will continue to innovate the foldable technologies, while keeping the price tag intact.

The first Galaxy Fold came with a price tag of $200. As the technology matures, the industry expects the prices to drop. However, Samsung doesn’t seem to be in the mood to debut an affordable foldable phone anytime soon.

A Samsung Electronics official said, “Rather than considering it (Galaxy Z Fold Special Edition) a premium product, it’s a product released to expand your options. You can choose according to your taste. As of now, we have no plans to release a separate product with a lower price.”

The company is facing much competition in the global smartphone market. The company’s dominance has been snatched by Huawei this year. Chinese vendors also becoming the biggest headache in the global market.

Samsung had to launch a thinner Galaxy Z Fold this year. Over the past two years, competition in the foldable segment has risen significantly. Huawei, Honor, Xiaomi, and OPPO launched their foldables with slim and lightweight design.

The Galaxy Z Fold Special Edition is a fresh example of Samsung’s plans. The company won’t give up on innovating the mobile segment. While keeping the pricing intact, it will be able to explore new technologies and enhance user satisfaction.