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A few days ago there were reports that Samsung will start offering an affordable foldable screen device under the name Galaxy Z FE. But now Samsung has officially denied this report through a statement to the Korean website Joongang Daily. A Samsung representative said the company has no plans to offer a foldable screen device at a mid-range price.

They also said rumors to the contrary were baseless. It's a little strange that this official statement was released by Samsung itself because when the first Z Fold was launched, they said that at some point they wanted to produce a foldable screen device at a price that more consumers could afford.

Offering a more affordable foldable screen device is actually not impossible as Motorola and Tecno have done it. It is very likely that Samsung now sees the Galaxy Z foldable screen device should be categorized as a premium device in line with the Galaxy S. Therefore the premium price needs to be maintained to maintain prestige.

To the people upset by this morning's news, you really don't need to worry. Usually when there is demand from consumers and there is a vacancy in the market, there will definitely be another company that will fill it.

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