Every each generation of Samsung’s foldable phones has become more affordable, especially the Galaxy Z Flip line. Due to enhanced technology and a lower price, the clamshell foldable accounted for more than half of the company’s sales of foldable phones.

According to a recent rumour from Korean media, Samsung is preparing to produce even more affordable foldable phones in the future for the general public. Samsung is reportedly working on the Galaxy A Fold and Galaxy A Flip phones, which are anticipated to be far less expensive than their Z counterparts.

Currently, Samsung controls around 80% of the foldable phone industry, but as more competitors enter the fight, Samsung is expected to face fierce competition. Apple is allegedly developing a foldable smartphone, which is expected to be released in the next years. Launching a foldable Galaxy A series should therefore help Samsung maintain its market dominance.

One of these foldable phones may cost as little as $767, making it the least expensive one to date. This is even more affordable than the standard flagship smartphones that are currently on the market.

However, because it will be a member of the Galaxy A series, Samsung probably will use less expensive hardware to keep the cost low. According to reports, Samsung intends to release these future foldables in 2024.