Samsung and Huawei are not only household names in the smartphone market but also major players in the advanced smartphones segment. The duo were among the first to launch devices with flexible displays, and it looks like the companies may be planning to launch affordable models early next year.

According to the report TrendForceThe Southern China tech giant plans to lower price barriers on feature phone offerings. This will make them more accessible to a wider audience and expand their presence in the market. The report states that both Huawei and Samsung may be preparing to introduce advanced devices in 2024.

Additionally, Samsung Electronics is working on a new foldable phone that will target the middle class segment. Unfortunately, small details like price or specifications are still unclear. Since the term mid-range is used, we can expect the price of the device to be $500 or less. Making such phones more affordable will help increase sales of such devices and popularize advanced phones in general. Most consumers are more likely to purchase such a device because typical feature phones fall into the premium or ultra-premium category.

This also coincides with one of our previous reports, which claimed that the company might launch a new foldable phone under the popular FE (Fan Edition) brand.