While various smartphone vendors have released their iterations of a smartphone with a flexible display, the foldable handset market is still not within the reach of an average consumer. The prices of a foldable device can be higher than even the most expensive flagship products. But now, a new rumor claims that Huawei is planning on launch an affordable foldable smartphone later this year.

According to Ross Young, the CEO of Display Supply Chain Consultants, Huawei will release an affordable foldable phone alongside its flagship Mate 40 series this fall. The senior official revealed this information during an interview on YouTube and stated that the Chinese tech giant is developing an inward bending smartphone, which is different from Huawei’s two previously released foldable phones, the Mate X and Mate Xs.

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Young said that he “expects to see Huawei pursue both a clamshell and an in-folding model, and we think they’re struggling to come up with an ultra-thin glass solution right now for the clamshell. But we do expect them to do an in-folding model later this year and be pretty aggressively priced.”

Reportedly, Huawei has already placed a large order of 500,000 units for this upcoming foldable smartphone, which is going to be “aggressively priced.” Ross Young claimed that we can expect to see this product launch sometime in September or October 2020. Unfortunately, we have no confirmation from Huawei regarding this news as of right now.

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Samsung’s Galaxy Fold is finally being sold in select markets across the globe. After the initial delays in its release, the foldable started selling in South Korea, and will soon be sold in the U.S. and India as well. But being a first-generation device, the Fold is incredible expensive starting at near $2000. But those who were hoping for something cheaper, we might have some good news.

According to SamMobile, Samsung is currently working on a slightly cheaper version of the Galaxy Fold. Not only that, this new device is said to have a wider global release. The same report further adds that Samsung could equip the new device with 256GB storage instead of 512GB to keep the pricing lower. Also, it could come bearing the model number SM-F700F. 

Releasing a cheaper foldable makes sense. With the current Galaxy Fold, Samsung is likely testing the reception for a new generation foldable design. And despite the initial issues, the phone looks to be doing well in markets like South Korea and the U.S. A cheaper device with a wider release would be the ideal next step for Samsung to make this new generation design available to a much large audience.

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