Samsung announced its foldable phone Galaxy Fold in February and it goes on sale April 26 at the wallet-stretching price of $1,980.
Samsung Electronics Co’s Galaxy Fold is a pricey, but promising device that kicks off a new phase of the smartphone industry.
On Monday, the company held an event in New York City to let reporters and other members of media try out the gadget for the first time. Samsung announced the phone in February and it goes on sale April 26 at the wallet-stretching price of $1,980.
Samsung forecasts it will produce at least 1 million foldable phones this year. That’s a fraction of all the phones that the company shipped last year. Still, research firm Gartner Inc expects the market will grow to 30 million units by 2023. HuaweiTechnologies Co, Xiaomi Corp., and Lenovo Group Ltd’s Motorola unit are working on foldable phones. There’s no indication yet that Apple is working on a folding iPhone.
The Galaxy Fold has a 4.6-inch screen on the front, which makes it smaller than most modern smartphone screens. But it opens up to become a 7.3-inch tablet, letting users run three apps at once. It has half a terabyte of storage and 12 gigabytes of RAM, rivalling high-end laptops. It also has six cameras and a pair of batteries.