Tech News: Upcoming Huawei foldable phones tipped to be much affordable.
Foldable smartphones have not yet taken the world by storm and we are not surprised – they are very expensive. Huawei may change that this year, however, thanks to rumors of plans for three cheaper foldable phones. A report from DigiTimes says industry insiders believe Huawei will release three foldable smartphones in 2021, with “cheaper prices, targeting the entry-level segment to increase demand.”
This move would certainly make sense; the best foldable phones on the market right now set you back in the $ 1,000 (£ 800 / AU $ 1,300) neighborhood, and you can definitely find better smartphone options at that price.
If Huawei manages to beat the competition, it could gain a significant advantage over competitors like Samsung, which has yet to see widespread success with its Galaxy Z Fold and Galaxy Z Flip line of phones. This report does not share specific pricing for Huawei’s upcoming phones.
If the reports are true and Huawei is looking to produce foldable phones at a cheaper price, it may not be long before more people have one in their pocket. High prices are always the main limiting factor with new technologies, but sales can skyrocket when costs drop; just look at virtual reality.
Virtual reality is only slightly older than foldable phones and has already seen a budget headset take the world by storm: the Oculus Quest 2. Quest 2 has sold better than all other Oculus headsets combined and other data suggests it may be the Most popular VR device of any brand. This is likely due, at least in part, to the headset’s much lower price than other options.
If Huawei manages to make foldable phones cheaper, it may soon have the same success, as long as these less expensive devices are still worth the cost of entry. We will have to wait and see what will come of these rumors, but we are curious to see what the future holds if they are true.