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

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Samsung is doubling down on its foldable smartphones with a range of new features -- and it'll cost you $1,800.

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.

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