• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechSamsung

Samsung’s third folding phone tries to reduce the price of entry without actually cutting the cost

By
Aaron Pressman
Aaron Pressman
Down Arrow Button Icon
By
Aaron Pressman
Aaron Pressman
Down Arrow Button Icon
September 1, 2020, 10:00 AM ET

Samsung has unveiled its third generation of folding smartphone, the Galaxy Z Fold2 5G, with a host of improvements—and several ways to reduce the price for consumers.

On the outside, the new version now has a larger 6.2-inch screen, up from just 4.6 inches on last year’s original Z Fold. Inside, a slightly bigger folding 7.6-inch screen has reduced bezels and a refresh rate of up to 120Hz, double the rate of the older design, to make animations appear smoother.

The phone also gets “sweeper technology,” a set of interior brushes designed to keep dust and dirt out of the hinge mechanism that first debuted on Samsung’s Galaxy Z Flip six months ago. Samsung says it also improved the glass on the screen and made the hinge mechanism stronger.

Some things haven’t changed, however. The phone still folds down the middle like a book using interior hinges, includes compatibility with superfast 5G networks, and retails at a starting price of $2,000. The phone is available for preorder on Tuesday and arrives in stores on Sept. 18.

Samsung's Galaxy Fold2 5G phone
Samsung’s Galaxy Z Fold2 5G phone costs $2,000 and folds down the middle like a book.
Courtesy of Samsung

High prices and some early reliability problems have convinced most consumers to avoid the folding phone segment so far. Samsung, Motorola, and Huawei among others have released a variety of folding designs, all at prices above $1,000, and none have become a big hit yet. Samsung says it’s working on cheaper models, and next week Microsoftwill release its new twist, the Surface Duo, which seeks to be more durable by having two separate screens that fold closed in the middle.

But until prices fall, Samsung and its carrier partners are also innovating on reducing the cost of entry for the Z Fold2 5G.

First, Samsung is letting owners of either of its earlier folding models trade in their existing phone and get a credit of up to $800. Owners of other smartphones can get up to $650 through a trade.

Next, Samsung developed a program that works sort of like leasing. Participants in the “guaranteed buyback program” pay half of the price of the Z Fold2 5G split over 20 months, or about $50 per month, and then can return the device to receive full credit for the remaining 50% of the price.

Finally, the company is throwing in a grab bag of discounts and offers from others. The Galaxy Z Premier Service includes membership to the Founders Card entrepreneur-oriented service, a prepared meal from a Michelin star restaurant via Tock, and passes to exclusive golf courses from ClubCorp. Buyers can also get one-on-one tech support from Samsung.

The Z Fold2 5G also gets some new software tricks, like letting the screens on the inside and outside be turned on at the same time, so if the user is taking a picture, the subject of the photo can also see what the picture will look like. The phone can also take advantage of Android apps that have been updated for use on tablet screens by, for example, displaying a list of items next to the content of a selected item.

The Fold2 5G follows the original Fold unveiled at Mobile World Congress in February 2019 and delayed for release until last fall because of durability issues. Samsung’s second folding phone was the Galaxy Z Flip, announced in February of this year.

About the Author
By Aaron Pressman
See full bioRight Arrow Button Icon

Latest in Tech

Big TechStreaming
Trump warns Netflix-Warner deal may pose antitrust ‘problem’
By Hadriana Lowenkron, Se Young Lee and BloombergDecember 7, 2025
8 hours ago
Big TechOpenAI
OpenAI goes from stock market savior to burden as AI risks mount
By Ryan Vlastelica and BloombergDecember 7, 2025
8 hours ago
AIData centers
HP’s chief commercial officer predicts the future will include AI-powered PCs that don’t share data in the cloud
By Nicholas GordonDecember 7, 2025
10 hours ago
Future of WorkJamie Dimon
Jamie Dimon says even though AI will eliminate some jobs ‘maybe one day we’ll be working less hard but having wonderful lives’
By Jason MaDecember 7, 2025
14 hours ago
CryptoCryptocurrency
So much of crypto is not even real—but that’s starting to change
By Pete Najarian and Joe BruzzesiDecember 7, 2025
19 hours ago
Elon Musk
Big TechSpaceX
SpaceX to offer insider shares at record-setting $800 billion valuation
By Edward Ludlow, Loren Grush, Lizette Chapman, Eric Johnson and BloombergDecember 6, 2025
1 day ago

Most Popular

placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
AI
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China 'they can build a hospital in a weekend'
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
Economy
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
1 day ago
placeholder alt text
Economy
JPMorgan CEO Jamie Dimon says Europe has a 'real problem’
By Katherine Chiglinsky and BloombergDecember 6, 2025
1 day ago
placeholder alt text
Big Tech
Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
By Eva RoytburgDecember 5, 2025
3 days ago
placeholder alt text
Politics
Supreme Court to reconsider a 90-year-old unanimous ruling that limits presidential power on removing heads of independent agencies
By Mark Sherman and The Associated PressDecember 7, 2025
17 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.