Samsung sold between 400,000 and 500,000 Galaxy Folds in 2019: DJ Koh

But Samsung is far from the 1 million figure it had initially hoped for. The Galaxy Fold – which retails for Rs 164,999 – is one of the first commercially available foldable smartphones to hit the market. The Galaxy Fold looks like a standard phone with a 4.6-inch screen, but then folds out to a tablet with a 7.3-inch screen.

Must read| Samsung Galaxy Fold review 

Given the market potential and the investment that goes into the display technology, Samsung would want to bring a foldable phone at an accessible price point at some point. Many believe Samsung is closer to reveal a foldable phone that could cost not more than $850.

It is said that Samsung is working on a clamshell-style foldable smartphone that becomes nearly square when folded. The phone has already been leaked in images and it is set to be announced alongside the Galaxy S11 on February 11. The foldable phone is rumoured to have an old-generation Snapdragon 855 processor but will feature a glass panel instead of a plastic screen.