Speculations have led us to believe that the company will shed more light on the device and its specifications at the Unpacked event they are hosting in the United States with the Samsung Galaxy S11 series. Reports suggest that the company is now engaged in discussions within South Korea to launch the next generation of foldable smartphones by February 2020. The device will most probably have a 6.7-inch display folding into a square when folded and be priced much cheaper than the Galaxy Fold. The company might share more details in the coming weeks. The pricing of this phone is expected to be in the range of around 1,000 USD or roughly Rs 71,300. The Galaxy Fold, on the other hand, has two displays and a 7.3-inch AMOLED display while the front display is of 4.6-inch supporting HD+ Super AMOLED display. The device offers 12GB RAM and 512GB inbuilt storage. The device is powered by a 64bit octa-core processor and runs on Android 9 Pie with One UI on top. The device comes with 6 cameras on it, with a 10MP selfie camera and a dual camera set of 10MP and 8MP on the front display. The triple rear camera has a 16MP and two 12MP cameras giving 10X digital zoom and powering HDR+ recording. The phone houses dual batteries with a capacity of 4,380 mAh. Samsung has launched the foldable smartphone in India at a price of Rs 1,64,999. Samsung may be rushing to launch a new phone because of the competition, like Huawei who have two upcoming foldable smartphones scheduled or the Motorola Razr. It is believed that other manufacturers too are designing and developing devices to enter the foldable smartphone market soon. For the latest gadget and tech news, and gadget reviews, follow us on Twitter, Facebook and Instagram. For newest tech & gadget videos subscribe to our YouTube Channel. You can also stay up to date using the Gadget Bridge Android App.