TCL Electronics has temporarily halted its plans to release a low-cost foldable phone this year, the company has confirmed.
Its clamshell-shaped foldable phone, codenamed Project Chicago, was in the middle of development when the company made the decision to put it on hold indefinitely.
According to the company, the delays are partly due to high production costs and supply chain shortcomings.
Although the foldable market is growing every year, said Stephen Street, chief marketing officer of the company. But this market is still a premium product category.
He added, “In combination with the recent shortage of components, the coronavirus pandemic and the high costs of foldable production, the company has taken the difficult decision to suspend the launch of the first commercially available foldable smartphone until the company can produce it and bring it to market at a price that is affordable for as many consumers as possible.”
The company is closely monitoring the market to determine the best time to launch a foldable smartphone.
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TCL will not release a foldable smartphone this year
The company gave some models of devices For reviewers. But she said she doesn’t have any additional hardware available, or any photos of Project Chicago to share.
This news comes a few weeks after the launch of the latest Samsung foldable devices Galaxy Z Fold 3 and Galaxy Z Flip 3.
And TCL decided to pause Project Chicago before Samsung’s launch. But Samsung foldable phones are very expensive. The price of the Galaxy Z Flip 3 is about $ 999, while the price of the Galaxy Z Fold 3 is about $ 1799.
TCL showed off some foldable prototypes last year. It also showed off some models again earlier this year at CES 2021, as well as the extendable screen design.
In April, the company introduced the Fold ‘n Roll, which can expand from a 6.87-inch phone screen to an 8.85-inch tablet or a 10-inch tablet.
The company says it is not giving up on the foldable category of products. But it doesn’t have a time frame on the availability of the first commercially available foldable device.
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