Samsung has been at the forefront of design innovation by releasing devices like the Galaxy Fold 2 and Galaxy Z Flip. While the company isn’t planning to switch exclusively to foldable devices anytime soon, a new report claims we will see Samsung launch three new foldables in 2021, including a Galaxy Z Fold Lite.

According to OLED research firm UBI Research, via The Elec, Samsung is preparing three types of foldable OLED panels. Two of them are for devices we expected: the Galaxy Z Flip 2 and Galaxy Z Fold 3. The third option, possibly for a Galaxy Z Fold Lite, has been more of an enigma. Apparently, this device is expected to be the budget version of the Galaxy Z Fold 3.

The report claims the Galaxy Z Fold Lite will feature a 7-inch internal display and a 4-inch external display. Other specs, including the processor, camera setup, and storage, weren't revealed in the report. It’s likely a safe bet, however, that the device will launch with One UI 3.0 when it’s available in the first quarter of 2021.

As for the Galaxy Z Flip 2 and Galaxy Z Fold 3, the report says the former will feature a 6.7-inch internal display and 3-inch external screen, while the latter will include a 7-inch internal screen and only a 4-inch external display. If you remember, the Galaxy Z Fold 2’s external display was 6.2 inches.

One thing to pay attention to when the Galaxy Z Fold Lite launches is its price. With the “Lite” moniker, we’re anticipating there to be an attractive price reduction compared to the more premium model. While Samsung’s range of foldable devices has been exciting, they haven’t been cheap. Offering a more affordable option could help Samsung make foldable devices mainstream.

We first heard about the Galaxy Z Fold Lite over the summer, so it's been a long time coming. With the Galaxy Z Fold Lite expected to launch in the first quarter of 2021, we should learn more concrete details soon.