Samsung has officially confirmed its stance against developing a more affordable version of its flagship foldable device, according to a report from SisaJournal. The announcement comes as the company is under increasing pressure to make its foldable tech more accessible to mainstream consumers.
Fold your Samsung Galaxy Fold the right way!!
In a statement to SisaJournal, Samsung stressed that while it is focused on expanding options for consumers, it has “no plans to release a separate product with a lower price point.” This stance maintains the premium positioning of the Galaxy Z Fold series, which currently retails for $1,899 for the latest Fold 6 model.
Wise decision or not?
The company's decision is particularly notable because Samsung has experienced stagnant growth in its foldable segment, with most of its current customers upgrading from previous Galaxy Z Fold models rather than being new adopters of the foldable form factor.
