Foldable smartphone range with larger screens launched by Samsung

SEOUL (Reuters) – Samsung Electronics unveiled its latest high-end foldable smartphones on Wednesday with lower prices than last year’s offerings in a push to expand foldable demand beyond niche devices. The tech giant priced its 5G-enabled Galaxy Z Fold3 with 7.6-inch main screen to start at $1,799.99 in the United States, and clamshell Galaxy Z Flip3 at $999.99 – down from the launch prices of last year’s models at $1,999 and $1,380, respectively. The Galaxy Z Fold3 and Z Flip3 will launch on August 27 starting in markets such as the United States and Europe. Samsung also unveiled new smartwatches and earbuds on Wednesday with fresh designs and functions. Brisk sales of such high-margin accessories have added to the mobile division’s profitability in recent quarters.

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