TCL has just confirmed that its development of a foldable phone is on indefinite hold. Is anyone in a position to challenge Samsung’s dominance?
Samsung may have already won the foldable game before the race has even started. TCL has just confirmed that its first foldable smartphone has been indefinitely postponed. The device, code-named Project Chicago, was supposed to be TCL’s first foray into the foldable smartphone world. Instead, in a statement to the press, TCL said it will be postponing the project indefinitely, citing component shortages and rising costs in foldable production. “Although the foldable market is growing each year, it is still a premium product category. In combination with recent component shortages, the COVID-19 pandemic, and rising costs in foldable production, TCL has made the difficult decision to suspend the launch of its first commercially available foldable smartphone until the company can produce and bring it to market at a price point that’s accessible to as many consumers as possible,” said Stefan Streit, TCL’s marketing chief, in a statement to the press.
