The Galaxy Z Flip 7 and Galaxy Z Fold 7 aren't cheap, but Samsung says it could've charged more for the foldables.

"We are working hard on a tri-fold smartphone with the goal of launching it at the end of this year,” Roh said. "We are now focusing on perfecting the product and its usability, but we have not decided its name. As the product nears completion, we are planning to make a final decision soon."

Samsung's new Galaxy Z Fold 7, Z Flip 7, and Z Flip 7 FE have sharper cameras, more powerful multitasking software, and expanded AI capabilities, all housed in luxurious, well-built bodies.