AOL.com·3 min read·medium
Samsung unveils wider foldable phone, hikes prices as chip costs rise
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By Hyunjoo Jin
✦AI Summary
Samsung has launched new foldable smartphone models with increased pricing to offset rising memory chip costs. The company is facing heightened competition from Apple, which is expected to enter the foldable market soon.
SEOUL, July 22 (Reuters) - Samsung Electronics on Wednesday unveiled a passport-sized foldable phone and raised prices of two updated foldable models, as it grapples with rising memory chip prices while bracing for a new threat from Apple in the niche but growing segment.
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