Samsung cuts Fold 8 price as Apple launches foldable iPhone
Samsung has reduced the price of the Galaxy Z Fold 8 by $300, bringing the 256GB model to $1,600, as Apple unveils its first foldable iPhone. This price cut coincides with Apple's entry into the foldable market, where the new iPhone Duo is rumored to cost $2,000. Samsung aims to maintain its lead in the foldable segment, which it currently holds with a 32% global share, while Apple is expected to capture 25%. The move follows a period of strong sales for Samsung's latest foldables, with a 50% increase in European sales compared to the previous generation.