Samsung launched its first triple-folding phone on Tuesday, a special-edition product with an eyewatering price tag placing it out of the reach of the average consumer.

The Galaxy Z TriFold will go on sale on December 12 and costs more than twice as much as the new iPhone 17 at $2,443.

Super thin, it unfolds to a 10-inch (25.4 centimetre) display, offering "increased possibilities for creating and working", the South Korean tech giant said.

The triple fold function is not world-first -- China's Huawei beat Samsung to the punch last year with a phone at a similarly exorbitant price.

Growth has been patchy in the competitive smartphone market, pushing makers to find new, eye-catching ways to differentiate their products.

Offered solely in a black design, Samsung's new device comes in at

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