Most cutting edge technology starts out expensive and comes cheap over time and this could probably be the case with foldable phones as well – and a new leak suggests that the Samsung Galaxy Z Flip 3 won’t cost as much as its predecessor.

Launched in June 2020, the 5G Ready Galaxy Z Flip was originally sold for $1,449 / £ 1,399 / AU $2,599, but a new leak from @FrontTron on Twitter has suggested that the next Clamshell-style foldable from Samsung is going to sell for $ 999-$1,199.

A direct currency conversion that puts £715- £860 / AU$1,275-AU$1,530 but that’s not how Samsung will set prices. A better way to think about the rumored cost of the Galaxy Z Flip 3 is that it may cost a third less than the model that came before.