Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

Samsung Reduces Price of Galaxy Z Fold2 to $1,675, Down From $2,125

IANS
IANS
Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

As more players like Xiaomi enter the niche segment, Samsung has lowered the price of its latest foldable smartphone, the Galaxy Z Fold2, in an effort to popularise the foldable smartphone category.

The ex-factory price for the Galaxy Z Fold2 5G, which was launched last September, has been set at $1,675 in South Korea, down from $2,125, according to people in the mobile industry.

The ex-factory price, or list price, refers to the selling cost of goods from the manufacturer’s plant before distributors sell products to their customers.

Last month, Samsung lowered the list price of the Galaxy Z Flip 5G, a clamshell-type foldable smartphone, to $1,196 from $1,463.

Industry insiders said the latest price cuts from Samsung are part of its efforts to enhance accessibility to its foldable smartphone products so that more people can experience and buy its Galaxy Z devices, reports Yonhap news agency.

Samsung, the world’s largest smartphone producer, is expected to release new foldable smartphone models with lower price tags and diversify its lineup to popularize to boost sales.

Industry observers speculate that Samsung could add a budget model of the Galaxy Z series, with some expecting the South Korean tech giant to introduce a double-folding smartphone to its portfolio.

Last year, Samsung was the dominant player in the global foldable smartphone market, accounting for an 87 per cent share on a unit basis, according to market tracker Display Supply Chain Consultants (DSCC).

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

More from this topic