Samsung Electronics Co Ltd has wowed the smartphone industry with the first foldable screen, burnishing its innovation at nearly $2,000, setting a new standard in premium pricing.

At its launch event in San Francisco on Wednesday, Samsung upped the surprise factor by briefing analysts and journalists on widely anticipated aspects ahead of time, such as 5G versions of its existing top-end Galaxy S phones.

The groundbreaking gadget known as ‘Galaxy Fold’  resembles a conventional smartphone but opens like a book to reveal a second display the size of a small tablet at 7.3 inches (18.5 cm). It will be available on markets on April 26, later this year.