Samsung is expected to launch three high-end series phones in the coming months. It is slated to announce them at the alleged August 5 Unpacked event and start shipping them with an interval of one month. Now, out of the blue, a report from South Korea’s Viva 100 says the company has postponed the launch of cheaper Galaxy Fold to next year, which was also planned to be announced alongside these devices.
The first half of Samsung’s smartphone business did not perform well due to the COVID-19 global pandemic as well as an increase in the price of its flagships. In fact, the Galaxy S20 series is forecasted as the worst-performing Galaxy S series phones in recent years.
This made the company develop Galaxy S20 FE (Fan Edition) aka Galaxy S20 Lite, the successor to Galaxy S10 Lite. This phone is expected to ship in October, months earlier than its predecessor’s launch anniversary. Samsung is betting on this handset along with the Galaxy Note 20 series and Galaxy Fold 2 to make up for the losses incurred in the first half of 2020.
But it looks like the South Korean tech giant also had plans for a cheaper Galaxy Fold, possibly called Galaxy Fold Lite, Galaxy Fold E or Galaxy Fold FE. However, it is no longer releasing this year as it has been now postponed to 2021.
This is not the first time we are hearing about the so-called Galaxy Fold Lite. It has leaked earlier with key specs like no 5G support yet a Snapdragon 865 SoC, aluminium and glass build, ‘Winner2’ codename, and $1,099 price tag.
However, the new report suggests it to be even cheaper at 1 million South Korean Won, which translates to only $834. Thus, it could be the most affordable foldable smartphone in 2021.
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(Via)
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