Samsung unveils foldable and 5G phones days ahead of Huawei

South Korean giant pins hopes on the $1,980 Galaxy Fold, due out in April

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Koh Dong-jin, president and CEO of IT and mobile communications at Samsung, talks about the new Galaxy Fold smartphone during an event in San Francisco on Feb. 20. © AP

ALEX FANG, Nikkei staff writer

SAN FRANCISCO -- Samsung Electronics unveiled Wednesday a foldable smartphone and the world's first commercially available 5G phone, officially setting off the race among smartphone makers for breakthroughs as they seek to shore up consumer interest amid a plateauing market.

Starting at $1,980, the Galaxy Fold will hit the market April 26. It will be available in the U.S. through AT&T and T-Mobile. The S10 5G, part of the Galaxy S10 series, will be available through Verizon Wireless exclusively for a limited time.

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