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Business trends

Consumers see no need for $2,000 foldable phone, poll shows

Nikkei survey results raise questions over Samsung and Huawei strategies

TOKYO -- Consumers are not interested in buying a foldable phone, a Nikkei Asian Review poll shows, even as Samsung Electronics and Huawei bank on these $2,000 devices to rekindle excitement in a maturing market.

Just under 70% of respondents to Nikkei's informal poll on Facebook and Twitter said they would not be interested in buying a foldable phone, while 75% said they would not pay more than a $1,000 for the industry's biggest innovation since Apple launched its iPhone in 2007.

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