Samsung's new phones test consumer demand for pricey gadgets

The latest Galaxy phones, unveiled Wednesday during an online showcase, will cost US$1,000 to $1,300. Such prices are have become standard for top-of-the-line phones in recent years. But they might cause sticker shock at a time of double-digit unemployment that could last through at least the end of the year, as the global economy struggles to recover from the coronavirus pandemic.

Samsung also gave a glimpse of its second attempt at a phone with a foldable screen, but said it won't have details on pricing and availability until Sept. 1. That phone, called the Z Fold2, is expected to cost in the range of $1,500 to $2,000, based on the price for last year's first-generation model.

Samsung is already struggling with an unsettling downturn. Its smartphone shipments plunged 29% from last year in the April-June quarter, according to the research firm International Data Corp. That drop helped China's Huawei at least temporarily surpass Samsung as the world's top seller of smartphones while Apple remained in third place -- although the cheaper iPhone SE did boost Apple's market share, IDC said.

The upcoming foldable phone, meanwhile, is something of a do-over for Samsung. The Z Fold2 has a front display screen so it can be carried around like a phone with an interior screen that can be opened up so it can be used like a mini-tablet, depending on what a user needs at the time.

Only 3 lenses? Pffft! Any serious phone would have 7.

Can't worry about phones. Pandemic going on.

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