Samsung’s rumored $900 Galaxy Fold 'Lite' may not arrive this year

The phone was previously rumored to be launched in July this year.

What you need to know

• Samsung has reportedly delayed the launch of the Galaxy Fold Lite to 2021.
• The foldable phone is tipped to be priced around $900.
• It is expected to be powered by a Snapdragon 865 chipset.

It was rumored last month that Samsung would be launching a relatively affordable foldable phone later this year with a Snapdragon 865 chipset and a smaller outer display than the Galaxy Fold. As per a new report out of Korea, however, the Galaxy Fold "Lite" has been delayed to 2021 (via SamMobile).

The report states the Galaxy Fold "Lite" was expected to debut alongside the Galaxy Note 20 series and the Galaxy Fold successor at Samsung's Unpacked event in August. However, Samsung is now said to have decided to postpone the foldable phone's launch to next year.

When it finally goes on sale next year, it will apparently be priced around KRW 1 million ($900). If the information is accurate, Samsung's most affordable foldable phone will still cost nearly as much as a regular flagship phone. While the report hasn't revealed the exact reason behind the delay, Samsung may possibly have decided to postpone the launch of the Galaxy Fold Lite due to the ongoing coronavirus pandemic.

As mentioned earlier, the Galaxy Fold Lite is rumored to feature Qualcomm's Snapdragon 865 chipset. To keep the price down, however, the foldable phone is unlikely to come with 5G support. While the rest of the phone's features and specs remain a mystery at this point, it is tipped to come with a smaller outer display and a few other downgrades compared to the original Galaxy Fold.

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