Chinese rivals have come out with foldable smartphones in an attempt to catch up to Samsung, which pioneered the category with its Galaxy Fold model four years ago. Foldable smartphones have a single screen that can bend, giving users a much bigger display surface in a device that they can carry around in their pockets. While foldables have the potential to revolutionize the smartphone industry, they may not be as successful as some companies believe and require a lower price point for them to be successful.

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