Xiaomi's upcoming foldable phone will cost half the price of a Samsung Galaxy Fold

Xiaomi is set to unveil its own foldable phone in the coming months, and the device will be priced so as to massively undercut the competition. Reports claim that the device will cost US$999, which would be about half the price of most other foldables.

Foldable phones were always going to be the next “big thing”, so it’s no surprise that a number of foldables were unveiled last month at MWC. While companies like Energizer have showcased their takes on the technology, the biggest talking points were the Mate X and Galaxy Fold by Huawei and Samsung respectively. 

Both devices have something in common: price—as the Mate X has a US$2600 MSRP, while the Galaxy Fold will set buyers back US$2000. We also don’t expect foldable phones from other OEMs to be significantly cheaper. That is, bar Xiaomi’s, of course.

Xiaomi’s foldable phone is yet to be officially named, but it’s likely to be a toss-up between the “Mi Flex” and “Mi Fold”. While we don’t expect it to be quite as good as either the Mate X or Galaxy Fold—for one, it doesn't use OLED panels made by Samsung—we believe it will offer a good price to performance ratio, as is customary with Xiaomi’s offerings.

According to reports, the Mi Flex will sell for US$999 in the US, €999 in Europe, and Rs 74,999 in India. It’s expected to launch around June.