Samsung has dropped the price of its folding flip phone, the Galaxy Z Flip 5G, by $250. It’s now $1,199.99, which, on its face, appears like a fairly large drop from its original asking price of $1,449.99 in July 2020.
Nevertheless, there are two issues to bear in mind in regards to the value change. First, this telephone is about six months outdated and is similar design because the non-5G version released last February. Samsung telephones are well-known for seeing early and aggressive offers; now that pattern is hitting its folding telephones, too. So whereas a value drop is sweet to see, it’s not precisely uncommon.
Second, $1,200 continues to be very costly for a telephone that has basically the identical specs and performance as a Galaxy S20 FE 5G, which will be had for $700 (or much less if you’ll find a deal).
The information of the value drop comes after Samsung’s president of cellular, TM Roh, promised to make folding phones “extra accessible to everybody” in 2021. It additionally comes after Samsung’s latest earnings announcement during which it mentioned it will increase its portfolio of foldable merchandise — particularly citing that it plans an “enlargement of the foldable class together with the Galaxy Z Fold and Galaxy Z Flip.”
We had been already anticipating a brand new model of the Z Fold (which opens as much as the dimensions of a small pill) someday this 12 months with assist for styluses, but it surely’s unclear when Samsung might launch that. As for the Z Flip, it’s unclear what this value drop means for the timing of the subsequent one.
However the greatest query round folding telephones isn’t about when new ones will come; it’s about how a lot they’ll value. Whereas it’s undoubtedly true that $1,200 is $250 lower than $1,450, there’s nonetheless a really huge value premium for purchasers who need their telephones to fold down into smaller packages.
The Z Flip is definitely one of the best flip-style folding telephone available on the market, but it surely’s a small market. The one different viable competitor is the Motorola Razr 5G, which, as of this writing, has also been discounted to $1,200 from its authentic $1,400 asking value.
Folding phones are still luxury products, in different phrases. These flip telephones value almost 50 p.c greater than comparable non-folding gadgets. It’s good to see the Z Flip 5G turn into “extra accessible,” however except that value distinction can get smaller, folding telephones will proceed to be curiosities as a substitute of mass-market gadgets.