Putting any remaining skepticism to rest, Samsung officially announced a new mobile device with a foldable display this week.

Dubbed the “Galaxy Fold”, the device was announced alongside Samsung’s Galaxy S10 smartphone. When folded, it looks pretty much like a standard smartphone, with a rectangular shape and a 4.6″ HD+ Super AMOLED display. But unfolding it reveals the 7.3″ Dynamic AMOLED screen inside.

The device also features the camera systems and a number of lenses. Folded, the device sports a cover camera system including a 10MP selfie lens, a 12MP wide-angle lens, and a 16MP ultra-wide lens. On its rear is a triple-camera system including a 12MP telephoto camera; and inside there’s a 10MP selfie camera and an 8MP RGB depth camera.

Other features include a 64-bit Octa-core processor and a 4,380mAh battery.

But the most important thing to know about the phone for many consumer is the fact that it’s going to be priced at $1,980. That price tag is going to disqualify a significant proportion of the consumer market, and perhaps even a lot of Samsung fans, many of whom will have spent over a thousand dollars on one of the new Galaxy S10 devices before the Galaxy Fold its the market on April 26th. What’s more, early hands-on reports from Samsung’s launch event suggest that there are subtle flaws in the Fold’s interior screen, including a ridge down its hinge. That could be ironed out before its release, but in the meantime there’s still cause for a bit of skepticism after all.

Sources: The Verge, The Guardian, Samsung