TCL gained’t launch a foldable smartphone this yr

2020 World 5G Convention
TCL gained’t launch a foldable cellphone in 2021 | Photograph by Li Zhihao/VCG through Getty Photographs

Electronics firm TCL is pausing its plans launch a lower-cost foldable cellphone this yr, the corporate confirmed in an e-mail to The Verge. Its clamshell-style foldable cellphone, codenamed Challenge Chicago, was in mid-development when the corporate made the choice to place it on indefinite maintain. In accordance with TCL the delay is due partly to rising manufacturing prices and provide chain shortages.

“Though the foldable market is rising every year, it’s nonetheless a premium product class,” Stefan Streit, chief advertising and marketing officer of TCL stated in a press release to The Verge. “Together with current part shortages, the COVID-19 pandemic and rising prices in foldable manufacturing, TCL has made the tough determination to droop the launch of its first…

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