Samsung may be the first brand to launch an affordable folding phone at its upcoming Galaxy Unpacked event. We are expecting to see the Galaxy Z Fold 3 and the Z Flip 3 at this event, but rumor has it that a Z Flip 3 Lite will tag along as well.

We already knew that the two upcoming foldables are getting a solid price cut, but launching an entirely different model for cheap is something else. The news comes from Korean Herald which claims that the Z Flip 3 Lite may actually be coming to the event.

Samsung Galaxy Z Flip 3 to Get a Cheaper Version

There is little to no information on the Z Flip 3 Lite as opposed to the very detailed leaks on the Z Fold 3 and Z Flip 3. We have already seen renders as well as the entire spec sheet and pricing for the latter.

There have also been rumors claiming that the Z Flip 3 Lite has been canceled due to the global chip shortage. This may, in fact, be true since we haven’t seen a single render for the device or any of its specifications. However, this does not mean that we won’t get to see a cheaper model as Samsung may simply release it later on.

As for its price, the Samsung Galaxy Z Flip 3 will cost $1200 so it’s safe to assume that the Z Flip 3 Lite will cost around $1,000. Take this with a grain of salt as it’s merely speculation on our part.