Samsung Electronics Co., Ltd. (005930.KS) is preparing to introduce its first-ever trifold smartphone later this month during the Asia-Pacific Economic Cooperation summit in South Korea, according to several media reports.
The new device will feature two hinges, allowing the phone to fold out into a tablet-sized screen or fold back into a standard smartphone form.
Additionally, it would be equipped with the Snapdragon 8 Elite chip along with up to 16GB RAM and 256GB storage.
The reports further noted that the trifold smartphone could be priced $3,000.
Samsung's stock closed at KRW 97,900, up 0.20 percent on the Korean Stock Exchange.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.