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Samsung Prices Remainder of Galaxy Fold Inventory to Expedite Sales
May 17, 2020

The Samsung Galaxy Fold after it was finally released turned out to be a great phone but the main issue with the Galaxy Fold wasn’t its hardware but rather its price. At a retail price of $1,980, it is priced out of reach for most consumers. Even so, Samsung claimed back in January to have sold between 400-500k units, and that figure could be even higher by now. Multiple sources report that Samsung is looking to make the Galaxy Fold more palatable to consumers by introducing a much cheaper Galaxy Fold “Lite” model. Ross Young of DSCC recently published a tweet on his official Twitter account revealing that Samsung plans to announce the “Galaxy Fold Special Edition” in July at a reduced price of $1,099. He claims that Samsung will sell this cheaper model in reduced quantities, approximately ~55k units worldwide, in order to clear out inventory of the first-generation Galaxy Fold before the second-generation model is introduced later this year. 
​From: xda-developers