In June, it was reported that the Samsung Galaxy Z Fold 3 and Flip 3 will be up to 20 percent cheaper than their predecessors and it appears that the rumor was right on the money. South Korean forum Naver, which was the source of a recent leak that affirmed the price rumors, has now revealed the South Korean prices for Samsung’s upcoming foldable phones.
Per the post, the Galaxy Z Fold 3 will start at between 1.9 million South Korean won (~$1,654) and 1.99 million won (~$1,732). For reference, the Z Fold2 was launched for 2.398 million won (~$2,088) and its price was reduced to 1.892 million (~$1,648) in April.
It is also being claimed that the Galaxy Z Flip
3’s starting price will fall in the range of 1.2 million won (~$1,045) to 1.28 million won (~$1,114). The Flip 5G was 1.65 million won (~$1,437) at launch and the price was slashed to 1.349 million won (~$1,175) this year.
According to our math, this translates to a US price of $1,599 for the Galaxy Z Fold 3, and $959 for the Flip 3.
Samsung is betting big on its foldable lineup. The company has even decided not to release a Galaxy Note series phone this year, which typically used to hit 10 million in sales within months of launch. The South Korean giant has reportedly set a target of 6 to 7 million units for its foldable phones this year.
The Galaxy Z Fold 3 and Flip 3 are highly likely to be unveiled on August 11 during the summer Unpacked event, where they will share the stage with the Watch 4, Watch 4 Classic, and Buds 2; and if a recent report is any indication, possibly even the Galaxy S21
According to one leaker
, the Watch 4 and Buds 2 will be bundled in for free with the foldable phones, possibly as pre-order gifts.