Xiaomi Foldable Smartphone will cost around half of the Samsung Galaxy Fold

Samsung's Galaxy Fold and Huawei's Mate X foldable phones are the only options from big smartphone manufacturers. But now it seems like Xiaomi is ready to give both the companies a tough competition in foldable smartphone category too. Investors in Xiaomi’s supply chain said that the company’s foldable phone will launch at the end of April.

Samsung's Galaxy Fold costs $1,980 (approx Rs. 278,000 in PKR) while Huawei's Mate X costs around $2,600 (~ Rs. 364,000 in PKR). Xiaomi is ready to break the rules again. The company is all set to showcase its foldable smartphone as early as the end of April and will be available to purchase in June. Reports suggests Xiaomi will launch the device with a price tag of $999 (~Rs. 140,000 in PKR).

The reports suggests that the device may be called Mi Fold or Mi Flex. It will cost almost half of Galaxy Fold because Xiaomi will use OLED displays made by Visionox Technology as per its requirements. It claims that these will be as good as the OLED panels on Galaxy Fold and Mate X.

The foldable Xiaomi phone is expected to ship with the Snapdragon 855 64 bit octa.core processor. In addition to that, the phone will probably include at least 8GB of RAM. Xiaomi’s CEO had already demonstrated the company’s foldable smartphone prototype via a video on Chinese social network website Weibo.

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