Samsung plans to release its first trifold smartphone later this year as part of its strategy to strengthen its position in the foldable technology market.
The trifold smartphone is aimed at competing with Huawei, which already unveiled a trifold device last year called the Mate XT.
Apple is expected to enter the foldables market next year with a concept similar to Samsung's Galaxy Z Fold 7.
Samsung also introduced other folding smartphones like the Galaxy Z Flip 7 and Motorola's Razr Ultra.