Samsung could be making a more wallet-friendly Galaxy Z Fold 6

The Samsung Galaxy Z Fold 5 is not a cheap smartphone, not by a long shot. With a price tag close to $2,000, it is well out of the budget for most consumers. But if you like the idea of a foldable phone, you could be in luck because Samsung could be planning on launching a cheaper version of the Galaxy Z Fold 6 this year.

This comes from a report from South Korean publication The Elec. The website claims that in order to increase its market share, especially in China, Samsung is working on an entry-level model for the Galaxy Z Fold 6. This means that we can expect the regular Fold 6 and a cheaper model.

It's not surprising that Samsung is considering this. Chinese smartphone makers like Oppo, Vivo, and OnePlus have all launched foldables of their own. A few years ago, Samsung would have easily dominated the Chinese market, but now with homegrown players in the mix with cheaper alternatives, Samsung now has to fight for their position.

We're not sure what kind of compromises Samsung would have to make to achieve a cheaper Fold 6 model. It could end up being similar to the company's FE models of its flagship phones. It might use older or lower-end hardware, but we suppose the selling point would be its foldable screen.