Samsung's newest foldable phone is still outrageously pricey | CNN Business

At its annual Unpacked event on Wednesday, held in Samsung’s home country of South Korea for the first time, the company announced updates to its tablets, smartwatches and foldable devices. All of the devices, however, feature relatively incremental upgrades, with the usual improvements to processor and screen technologies and a few new bells and whistles. The event focused on the arrival of Samsung’s fifth generation foldable smartphones: the 6.7-inch Z Flip5, which folds into a 3.

Lowering the price of foldables could help boost traction across the industry, but manufacturers may struggle to do that anytime soon due to costly components, such as flexible screens and custom-built hinges. Drew Blackard, vice president of mobile product manager at Samsung, said he believes prices will fall and foldable devices will one day become flagship devices.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The rise of gig workers is changing the face of the US economy | CNN BusinessLabor market experts say the number of gig workers is growing, and their alternative working arrangements are rippling through the economy.
Source: CNN - 🏆 4. / 95 Read more »

Trader Joe's recalls two types of cookies because they may contain rocks | CNN BusinessTrader Joe’s announced a recall of two types of cookies, stating that they may contain a foreign material, rocks, in a statement on Friday.
Source: CNN - 🏆 4. / 95 Read more »

New EV battery plant fuels labor tensions as UAW strike looms | CNN BusinessStellantis and Samsung SDI announced plans Monday for another EV battery plant joint venture to open in 2027. But the announcement could make it more difficult to avoid a strike at Stellantis’ existing US plants this fall.
Source: CNN - 🏆 4. / 95 Read more »