Samsung launches bigger foldable and hikes prices
Samsung Electronics revealed a foldable phone the size of a passport, and has increased the prices of two updated models of its foldable phones due to rising memory chip costs and Apple's competition in the growing market. Samsung announced three models of the Galaxy Z phone during an event in London, with their technologies utilizing Alphabet's AI, Gemini. The price of the Galaxy Z Fold8 was set at $1,899, while the prices of the Fold8 Ultra and Flip8 rose to $2,099 and $1,199 respectively. Despite an expected 14% decline in the global smartphone market in 2026, Samsung is projected to increase its market share, driven by a 20% growth in foldable phone shipments.
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