Samsung unveils new foldables and hikes prices

Samsung has unveiled new foldable phones as part of its preparations to face anticipated competition from Apple. The company introduced three models from the Galaxy Z series, powered by the AI processor Gemini. It increased the prices of two of these models by $100, with the Galaxy Z Fold 8 priced at $1,899, the Z Fold 8 Ultra at $2,099, and the Z Flip 8 at $1,199. Despite the rising chip costs, IDC expects foldable phone shipments to increase by 20% in 2026. Samsung is expected to play a significant role in the global market despite an anticipated 14% market contraction.

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