These Tech Giants Could Launch Affordable Foldable Phones for Rs 35,000 Next Year: Worth Waiting For? – News18

The foldable market is finally coming to the party and not just limiting the segment to one brand like Samsung has been for years. But now we’re seeing more brands enter the arena which means good news for buyers in multiple ways. Firstly, you get more options in terms of the foldables that suit you need, budget and more.

And yes, having more brands means the technology is evolving to go lower down the price chain, which means affordable foldables are imminent. According to new reports, Huawei and Samsung could be lining up so-called mid-range foldable devices and we should be seeing them rolled out sometime next year.

The report by TrendForce claims brands are now keen for foldable segments to explode, and by that we mean people finding them accessible in terms of the price tag. It says that both Huawei and Samsung could launch affordable foldables for around $400 (Rs 32,000 approx) which makes it cheaper than the current available foldable device by a long shot.

Pricing is one of the biggest reasons for the lack of growth in the foldable segment where people want to see better value for their purchase but are unlikely to spend Rs 1.40 lakh or higher on foldable phones that you have available in the market as of now.

The most affordable foldable you can buy right now comes from a brand called Tecno which also has a flip phone selling for under Rs 50,000. Making foldables cheaper is a definite move in the right direction, and the industry could benefit from such a decision, as the forecasts paint a rosy picture for the foldable market in the coming years.

Samsung and Huawei will have their work cut out to keep the value factor of their cheaper affordable in place but also cater to the exciting features that people would like to see in this price point.