Samsung unveils new foldable smartphones

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Samsung Electronics on Wednesday unveiled its latest high-end foldable smartphone.

Keeping prices at the same level as last year to cement its leadership in a broad niche market.

The smartphone maker has priced its clamshell Galaxy Z Flip4 at $999.99 and is a 5G-enabled top-of-the-line. 

 The Galaxy Z Fold4's 7.6-inch main screen starts at $1,799.99 in the US, similar to the launch price of last year's models.

The Galaxy Z Flip4 and Z Fold4, as well as its latest earbuds, the Galaxy Buds2 Pro, will generally be available from August.

26 in select locations such as the United States, parts of Europe, and South Korea.

Counterpoint Research forecasts global shipments of foldable smartphones to rise to 16 million units this year.

Just 1.2% of the forecast of 1.36 billion smartphone shipments, but a jump from the 9 million foldables shipped last year.

While the overall smartphone market is likely to contract this year as consumers spend less, foldable smartphones are likely to fare better.