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Samsung’s Galaxy Z Fold2 5G could be the first foldable phone you’ll want, if you can afford it

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Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Dan Howley recap Samsung’s ‘Unpacked Event’.

Video Transcript

BRIAN SOZZI: Samsung fans are buzzing right now. The company just wrapped up the second part of its Unpacked event, showcasing new products that are in direct competition with the likes of Apple and Microsoft. Our tech editor Dan Howley is back with more. Dan, Samsung is known to put out some gimmicky new products. Where do these stack up, and what are they?

DAN HOWLEY: These look like pretty interesting products. The main one is the Z Fold2 5G. It's the Galaxy Z Fold2 5G. This is a new foldable phone. It's basically the follow-up to the original Fold, this one getting the Z Fold moniker this time around, and 5G connectivity. And really, what Samsung did here was improved dramatically on the design.

The original Z Fold had kind of a stutter start where it was released to reviewers and then people started noticing issues with the build quality of the device itself. So for instance, dust and debris would get inside the hinge mechanism and then push up on the screen, permanently damaging it. And some reviewers saw the, kind of, plastic-esque coating on the screen, the foldable screen, and tore it off, thinking that it was actually a plastic protective cover on most phones, but it definitely was not.

I think one of the things that they're going to notice is that this now has a sweep built into the hinge that prevents any kind of that dust from getting underneath the screen. There's also improvements as far as the front-facing screen goes. Now there's a front screen and then the unfoldable main screen.

And the first generation, the front screen was pretty small. It was bordered by a lot of bezel. It looked like something out of, you know, the early 2000s or something along those lines. But now they went for a near edge to edge display, making it more useful for everything from web browsing to scrolling through TikTok or Instagram and watching videos on Netflix.

So this seems like a bigger upgrade than we were kind of expecting. And it looks like they really tried to do what was best to make this the kind of device that people who are paying the money they're paying to get out of this. And by the way, the price for this is $2,000 or 1999.99. So, you know, it's going to cost you a pretty penny.

ALEXIS CHRISTOFOROUS: Hey, I just want to switch gears for a minute, Dan, because-- it's still related to Samsung, though. Because we're seeing that their vice chairman has been indicted for fraud. He's not the only one, I think 10 other executives are also indicted here. What do you know? What can you tell us?

DAN HOWLEY: Yeah, this has been something that Samsung has been grappling with for some time. Basically, the heir apparent to the company getting in legal trouble. And, you know, it's something I think that Samsung is going to have to reckon with at some point or another. But, you know, despite that, the company still continues to maintain a grip on the electronics industry.

And don't forget, Samsung is a multinational conglomerate. They're not just smartphone makers. They make everything from the memory inside of other smartphones to displays to armored personnel carriers. So they really are everywhere. So I don't think this is really going to slow them down.

BRIAN SOZZI: Dan, that's a lot of money, $2,000. Another 100 or 200 more, I get a Peloton bike.

DAN HOWLEY: Yeah, I mean, look, this is something that is meant for a premium audience. They're well aware of that. They're not going to be selling this in high volume. But it does provide more evidence that foldable phones are, at least, available and capable of handling what people want.

I'll have to wait to get my hands on it to see how it actually performs in the real world, though.

BRIAN SOZZI: Well, start lifting because at least on the visually, it looks really heavy, and it might put a hole in somebody's pocket when you put it in there. All right, Dan Howley, thanks so much.