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Huawei’s CEO Assures Foldable Smartphones Will Cost Less Than Rs 40,000 in Coming Years

Huawei launched the Mate X foldable smartphone with 5G connectivity at the MWC 2019. Being one of the first foldable smartphones to hit the market later this year, it also carries a premium price tag. The device will be retailing for a whopping EUR 2,299 (approx USD 2,600 / INR 1,80,500) in Europe. On the other hand, the 4G variant of the Samsung Galaxy Fold will be hitting the market on April 26th. Samsung even confirmed to Galaxy Fold foldable smartphone in the Indian market.

Compared to Mate X, the Galaxy Fold will be costing slightly lesser at just USD 1980 (approx EUR 1,760 / INR 1,38,000). With such stupendous price tags, the foldable smartphones will never reach a wider audience. However, Richard Yu, CEO of Huawei, is ambitious about the foldable smartphones getting comparatively cheaper in the coming years. According to him, the company will bring the prices of foldable smartphones once they’re popular among smartphone users.

The foldable smartphone prices can be brought down to EUR 1,000 (approx USD 1,125 / INR 78,500) in the coming years. If the market reacted well, the price of a foldable smartphone can go as cheap as EUR 500 (approx USD 560 / INR 39,250). Let’s wait and see, how cheap can these foldable smartphones go. Apart from Huawei and Samsung, there are quite a few smartphones who are working on foldable smartphones. The list includes Xiaomi, ZTE, Motorola, OPPO, and LG.

Talking about Apple, Yu mentioned Apple won’t be launching its foldable smartphone this year. In fact, the chances of seeing a foldable smartphone from Apple in 2020 are also very less according to him. While the company is currently using operating systems from US-based companies for its smartphones and laptops, they also have a plan b if the company is banned from accessing services from the US. It already developed an operating system which will be work on both smartphones and laptops.

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