Samsung raises prices of foldable models due to production cost hike

Samsung Electronics has increased the prices of its foldable smartphones, reflecting rising memory chip prices and the recent volatility in the foreign exchange market, industry sources said on Wednesday.

The retail price of the 512GB edition of the clamshell-style Galaxy Z Flip 7 was revised to 1.73 million won ($1,140), up from 1.64 million won, according to the sources.

The price of the Galaxy Z Fold 7 with the same storage, which opens like a book, also rose to 2.63 million won from 2.53 million won. Both smartphones were released in July 2025.

Samsung, however, has maintained prices for more affordable 256GB models and the Galaxy S26 series, which hit the shelves last month.

The 512GB Galaxy S25 Edge, released last May, saw its price rise to 1.74 million won from 1.63 million won.

Industry watchers said the new prices appear to reflect rising global costs of key components, including memory chips, and volatility in the foreign exchange market.

“With prices of key parts rising gradually, it was inevitable to raise prices for some products,” a Samsung Electronics representative said.

Yonhap