Samsung could be planning to make the Galaxy Fold more accessible to flexible smartphone fans.

The South Korean company is reportedly working on a new model with a more affordable price tag. It will slash the handset’s storage in half in an effort to cut costs.

Samsung will soon start shipping the Galaxy Fold — months after its originally scheduled release date. Early design issues that caused the handset’s folding display to fail have finally been eliminated.

But it’s unlikely Samsung will sell a huge number of units. The Fold’s current price tag, which is just shy of $2,000, puts it far out of reach for the average smartphone consumer.

Don’t be too disappointed if the Fold is too expensive for you, though. It is believed a more affordable model is already in the pipeline.

Galaxy Fold to get cheaper

The reliable SamMobile reports that it has received information regarding a new Galaxy Fold “multiple times” in recent months.

“We hear that one of the ways that Samsung might bring the price down is by opting for lower internal storage on the new Galaxy Fold,” the site explains.

It’s thought this handset will pack 256GB of storage, which is half that of the current Fold, and will carry the SM-F700F model number.

It’s not yet clear if other changes will be made to the device — SamMobile suggests we could see a revised design — or how much the handset could cost when it goes on sale.

Prepare for a lengthy wait

There’s still a lot up in the air, then. We don’t even know for sure that this device will use the Galaxy Fold name, and there’s no indication when it might be available.

Given that the first Galaxy Fold is yet to hit the market yet, it’s likely we’ll be waiting a while for a new model — even if it is just a more affordable version of the original version.

Nevertheless, it is exciting to hear that Samsung is already taking steps to make foldable phones more affordable. It’s a sign that Samsung feels flexible devices are here to stay.

And if that’s the case, it’s only a matter of time before we see a foldable iPhone. Right?