Samsung has serious plans to turn foldable phones into a product that will be used by many people in the short term.

This is evident from a conversation with investors,

Bloomberg

reports

.

The company will be investing heavily in foldable smartphones in the coming months.

That starts on August 11, when Samsung presents its new phones.

This is most likely the Galaxy Fold 3.

The Fold series is rumored to replace Samsung's Note phones.

During the conversation with investors, questions about the Galaxy Note were dodged, but it was said that the company is "dynamically responding to the different needs of consumers".

To reach a wider audience, Samsung will probably have to lower the price of foldable phones a bit.

The Fold 2 cost 1,999 euros when it appeared in the Netherlands.

The most expensive Galaxy Note, the Galaxy Note 20 Ultra, sold for 1,299 euros last year.