Credit: Ryan Haines / Android Authority
- A Samsung official has shot down rumors of cheap foldables coming from the brand.
- A recent rumor suggested there could be foldables from Samsung in the $500 range as early as next year.
- The same official also shot down the idea of an “FE” model in the Galaxy Z family, at least for now.
Last week, a rumor surfaced suggesting that Samsung could be working on a mid-range foldable phone to land as early as 2024. According to the rumor, this phone would be in the $400 to $500 range.
However, a spokesperson for Samsung Electronics shot down this information to the Korean publication Korea JoongAng Daily. “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.”