Get ready for a cheaper Samsung foldable phone in 2024

There's plenty of time before the Samsung Galaxy Z Fold 6 makes its debut next summer, but for those who are more money cautious in the ever-inflating market of smartphones, a cheaper option may be on its way.

According to an analysis from Trendsforce, thanks to a decline in the global smartphone market (jeez, I wonder why), Samsung may be considering a cheaper version of its foldable phone. The belief from sites like Tom's Guide is that the consumer electronics giant will market this new phone as part of its Galaxy Z Fold or Z Flip line. The rumored release for this would be sometime in 2024, and it will be a "mid-range market" smartphone.

What this means, price-wise, is that we can expect this cheaper Samsung foldable to be around $400 to $500, but that's doubtful. The renewed interest in foldables in recent years has not made them cheap, with the current Galaxy Z Fold 5 costing almost $1,800 and a Z Flip 5 costing $1,000.

It's expensive to make foldable phones, but according to a Tom's Guide interview with a Samsung executive, the price to make them foldable is coming down. So inevitably, that means in the future, we'll definitely see foldable smartphones on cheaper displays.

How cheap is a great question, though, and without much information regarding this rumored Galaxy model, there's not much to say at this time. For now, as with all rumors, it's best to treat this news as hearsay until confirmed by Samsung itself.